Traded: Venture Capital 🦄 on Instagram: "Eight Sleep announced a new funding round of $50M led by Tether Investments that values the company at $1.5B, marking its second raise in under a year and reinforcing its push into an AI-driven health platform beyond its smart mattress products. The investment supports expansion of its predictive technology and regulatory efforts while executives including Paolo Ardoino of Tether and Matteo Franceschetti frame the partnership as accelerating personalized health innovation and infrastructure. FOUNDERS: Matteo Franceschetti, Massimo Andreasi Bassi & Alexandra Zatarain INVESTORS: Tether Investments, HSG, Valor Equity Partners, Founders Fund & Y Combinator AMOUNT: $50,000,000 VALUATION: $1,500,000,000 HQ: New York, New York #VentureCapital #EightSleep #MatteoFranceschetti #TradedVC"
Eight Sleep raised $50M led by Tether Investments at a $1.5B valuation, its second raise in under a year, to expand from smart mattresses into an AI-driven health platform and fund predictive technology and regulatory efforts; investors include HSG, Valor Equity Partners, Founders Fund and Y Combinator.
Why it mattersThe $50M round led by Tether Investments funds Eight Sleep's AI health expansion.
Entities Mentioned
Eight SleepTether InvestmentsFounders FundY Combinator
People Mentioned
Matteo FranceschettiMassimo Andreasi BassiAlexandra ZatarainPaolo Ardoino