Led · Equity · Jan 2021

Resident provides a platform of digitally native brands in the mattress and home goods market. The company offers Nectar, its premiere gel-memory foam mattress brand; DreamCloud, its luxury hybrid mattress brand; and Awara, its natural and organic mattress line. It is led by Eric Hutchinson and Ran Reske. Resident raised $130M to support its growth initiatives. The company plans to use the funds to execute its growth plan, expand its brick-and-mortar retail footprint and strengthen its supply chain and infrastructure. No operating metrics or prior funding details are provided in the article. Resident is a California-based direct-to-consumer e-commerce retailtech company that owns and operates a house of consumer furnishing brands. Its brands include Nectar, DreamCloud, Level, Awara, Wovenly, Bundle and 1771 Living. Led by Ran Reske, the company sells home products directly to consumers. Resident maintains offices in New York City, London and Tel Aviv. The company plans to use new capital to further expand its position in North America and increase growth into additional home products. The company raised $12.5M in trajectory-based funding from Liquidity Capital.