Resident Home Overview
Resident is a house of direct-to-consumer brands in the home goods space. The company owns and operates multiple brands catering to different consumer furnishing needs including Nectar and DreamCloud. The company's business model enables companies to cut down on costs by eliminating warehousing expenses. The company outsources manufacturing to companies across the United States and Asia. When an order is received, it is FedExed directly from the manufacturer's warehouse to the customer.
Cumulative Funding Raised Over Time ($)
$10.0MDec 2019
$20.5MJan 2018
$150.5MJan 2021
Latest News
US furniture giant Ashly Home to pay $1 billion to acquire online mattress platform Resident | CTech
growth-positive
Resident Home to open facility in Indiana - Furniture Today
Resident Home, the parent company of Nectar Sleep, DreamCloud, Awara, Siena, and CloverLane, is opening a 300,000-square-foot mattress manufacturing facility in Jeffersonville, Indiana. The facility will accommodate manufacturing and distribution and is expected to employ 100 people over five years. The company received investment in the form of incentive-based tax credits from the Indiana Economic Development Corp. The tax credits are performance-based and will be claimed once Indiana residents are employed. Additionally, Resident Home will receive an investment deduction on its property taxes due to the location being an Urban Enterprise Zone. Duke Energy has also offered additional incentives.
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growth-positive
Resident Raises $130 Million for Continued Growth of its Mattress and Home Goods Platform
Resident, a platform of digitally native brands in the mattress and home goods market, received a $130 million investment in Q4 of 2020. The funds will be used to execute Residents growth plan, expand its retail footprint, and strengthen its supply chain. The company experienced tremendous sales growth in 2020 and increased its retail presence. Resident operates with a remote workforce and has a multi-brand strategy. Representatives of Ion Crossover Partners and Nexus Capital Management will join Residents board.
Investment
growth-positive
In Bed With Israeli Direct-to-Consumer Mattress Company Nectar
Nectar Sleep LLC, an online mattress supplier, has experienced growth in the saturated online direct-to-consumer mattress market. The company sold over $200 million worth of mattresses in the previous year. Nectar operates as a marketing company with a $100 million-per-year marketing budget. The companys mattress is made of five layers of foam and gel and comes with a 365-day risk-free trial period and a forever warranty. Nectar cuts down on costs by eliminating warehousing expenses and outsourcing manufacturing. The company aims to expand its product offerings beyond mattresses to furniture and appliances.
CustomersExpand
| Sector | Retail Platforms |
Funding
| Total funding | $140.5M |
| Last funding | $130M |
| Stage | Acquired |
| Rounds | 3 |
| Investors | 8 |
Team Members
3
Employees: 500+
Web & Social Links
| Website | www.residenthome.com |
| Careers | Careers page |
Locations
Tel Aviv, Israel
San Francisco, CA, USA
Photos & Videos
No files yet
Resident Home Business
Business models
B2C
Product stage
Released
Employees
500+
Sector
Retail PlatformsGoodsTarget Customer
Real Estate & ConstructionArchitecture & Interior DesignConsumersDemographics & FamilyTeenagers & Young AdultsParentsCore Technology
Platforms & InterfacesTags (9)
online-shoppingretailconsumersdirect-to-consumerconsumer-goodsecommerceshopping-experiencemarketingsingle-seller-platformGeographic Markets
United StatesResident Home Financials
$140.5M
Total funding
Undisclosed
Capital raised
$130M
Last funding
Acquired
Funding stage
3
Total rounds
8
Investors
Cumulative Funding Raised Over Time ($)
$10.0MDec 2019
$20.5MJan 2018
$150.5MJan 2021
Private Equity Funding
B Round
Jan 2021
$130M
Phoenix Insurance, Psagot, ION Crossover Partners, Menora Mivtachim Insurance, Baron Capital, Nexus Venture Partners, More Investment House
Debt Financing
Dec 2019
$10M
LIQUiDITY (Lead)
A Round
Jan 2018
$10.5M
Public Offering / Exit
MNAEvent
Mar 2024
$1B
Resident Home Lifecycle
Cumulative Funding Raised Over Time
$10.0MDec 2019
$20.5MJan 2018
$150.5MJan 2021
All Events
B Round
Jan 2021
$130M
Phoenix Insurance, Psagot, ION Crossover Partners, Menora Mivtachim Insurance, Baron Capital, Nexus Venture Partners, More Investment House
Debt Financing
Dec 2019
$10M
LIQUiDITY (Lead)
A Round
Jan 2018
$10.5M
MNAEvent
Mar 2024
$1B
Resident Home News
4 articlesUS furniture giant Ashly Home to pay $1 billion to acquire online mattress platform Resident | CTech
growth-positive
Resident Home to open facility in Indiana - Furniture Today
Resident Home, the parent company of Nectar Sleep, DreamCloud, Awara, Siena, and CloverLane, is opening a 300,000-square-foot mattress manufacturing facility in Jeffersonville, Indiana. The facility will accommodate manufacturing and distribution and is expected to employ 100 people over five years. The company received investment in the form of incentive-based tax credits from the Indiana Economic Development Corp. The tax credits are performance-based and will be claimed once Indiana residents are employed. Additionally, Resident Home will receive an investment deduction on its property taxes due to the location being an Urban Enterprise Zone. Duke Energy has also offered additional incentives.
Expand
growth-positive
Resident Raises $130 Million for Continued Growth of its Mattress and Home Goods Platform
Resident, a platform of digitally native brands in the mattress and home goods market, received a $130 million investment in Q4 of 2020. The funds will be used to execute Residents growth plan, expand its retail footprint, and strengthen its supply chain. The company experienced tremendous sales growth in 2020 and increased its retail presence. Resident operates with a remote workforce and has a multi-brand strategy. Representatives of Ion Crossover Partners and Nexus Capital Management will join Residents board.
Investment
growth-positive
In Bed With Israeli Direct-to-Consumer Mattress Company Nectar
Nectar Sleep LLC, an online mattress supplier, has experienced growth in the saturated online direct-to-consumer mattress market. The company sold over $200 million worth of mattresses in the previous year. Nectar operates as a marketing company with a $100 million-per-year marketing budget. The companys mattress is made of five layers of foam and gel and comes with a 365-day risk-free trial period and a forever warranty. Nectar cuts down on costs by eliminating warehousing expenses and outsourcing manufacturing. The company aims to expand its product offerings beyond mattresses to furniture and appliances.
CustomersExpand
Resident Home Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 559 |
| Team members | 3 |
Similar Companies
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This entity has 10 classification IDs that could be used for matching.
Resident Home Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| Missing | video or image, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515735637 |
| Crunchbase | resident-49d0 |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2024-03-14T00:00:00.000Z |
| Created | 2020-03-23T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by Ashley Home on Mar, 2024 |