8 years ago

Simba Secures €45 Million in Series B Funding to Expand Globally

  • Simba, a London-based sleep technology company, has secured €45 million in Series B funding led by Atami Capital

  • The funding will be used to accelerate the brand's global expansion

  • Simba, which produces the first dual spring and memory foam mattress of its kind, is forecasting revenues of £41 million for 2017, springing to £167 million in 2018

  • Revenue is then expected to leap to £267 million in 2019 as the e-tailer benefits from consumers’ insatiable appetite for premium sleep products

  • Simba is currently operational in fourteen countries and has experienced significant growth since its launch, selling 100,000 mattresses and achieving a 247% sales increase in the past nine months.

      • ProblemHealthcare

      "achieving a perfect night's sleep"

      Solution

      "engineered mattress with cutting-edge technology, designed to provide the comfort of four layers of propriety cooling foams and the support of 2,500 patented conical pocket springs"

      Covered on