Casper

Corporate and financial

Casper Sleep was founded in 2014 by a group of entrepreneurs (Philip Krim, Neil Parikh, T. Luke Sherwin, Jeff Chapin, Gabe Flateman). In 2014, Casper raised $1.85 million in seed funding followed by a $13.1 million Series A, with investors including Lerer Ventures, Norwest Ventures, NEA, SV Angel, Ashton Kutcher’s A-Grade, Steven Alan, Queensbridge Venture Partners, and Nas. The company officially launched on April 22, 2014.

Casper launched with a single mattress model and expanded its line as demand grew. Casper expanded into Canada in 2014, and later into Europe. In 2020, Casper closed its European operations, and in 2023 its Canadian business was acquired by Sleep Country Canada.

In October 2024, Casper was acquired by Carpenter Co.

Products and Delivery

Casper offers a variety of sleep products, with its core line consisting of mattress models made of foam and hybrid models made of foam and springs. Their most recent e-commerce mattress models include the Casper One, Cloud One, Dream, Dream Max, Snow, and Snow Max.

Casper sells mattresses and other sleep-related products through its website, retail stores, and partner retailers. Mattresses are shipped compressed in boxes for delivery. The company also offers pillows, bedding, bed frames, and other accessories.

Technology and Design

Casper’s mattresses use multiple layers of foam with varying densities to provide support and pressure relief. Some models include zoned support foams, cooling materials, or hybrid constructions that combine foam with innerspring coils. The company has filed patents related to mattress design and has employed ergonomists and engineers in product development.

Retail Presence

Casper products are sold through a combination of owned retail stores and third-party retailers. As of 2025, the company operates over 40 Casper retail stores located in major U.S. cities including New York, Los Angeles, Miami, Houston, and Chicago.

Controversies

In April 2016, Casper sued three mattress review websites which had written negative reviews of Casper products. According to the lawsuits, the websites steered potential customers of Casper products to competing mattress companies, which Casper claimed is a deceptive advertising practice. The lawsuit against one of the review websites, Sleepopolis, was resolved after Casper financed its acquisition.