Eight Sleep, Inc. announced that it has received $87.579483 million in funding from Valor Management Corp., SoftBank Group Corp., Khosla Ventures, LLC, Founders Fund, Inc., General Catalyst Group Management, LLC and other investors
July 14, 2021
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On July 15, 2021, Eight Sleep, Inc. closed the transaction. The company received $87,579,483 led by Valor Management Corp. The transaction included participation from 61 investors including SoftBank Group Corp, General Catalyst Group Management, LLC, returning investors Khosla Ventures, LLC, Founders Fund, Inc., including high profile investors like Alex Rodriguez, Kevin Hart, Kyle Vogt, Naval Ravikant, Anthony Pompliano, Kris Bryant, JD Martinez, Sophia Amoruso and 40+ celebrities, entrepreneurs and professional athletes. The round is raised at the post money valuation of $500,000,000. As part of the funding, Antonio Gracias from Valor Management Corp. will join company's board of director.
SoftBank Group Corp. is one of the largest telecommunications operators in Japan. Net sales (not including sold divisions) break down by activity as follows:
- fixed and mobile telecommunications services in Japan (92.2%; SoftBank): fixed and mobile telephony services, broadband transmission services, data transmission services, sales of handsets and accessories, etc.;
- design and development of microprocessors and Internet of Things solutions (3.7%; Arm);
- other (4.1%).
Japan accounts for 92.3% of net sales.
Eight Sleep, Inc. announced that it has received $87.579483 million in funding from Valor Management Corp., SoftBank Group Corp., Khosla Ventures, LLC, Founders Fund, Inc., General Catalyst Group Management, LLC and other investors
SOFTBANK GROUP CORP. 
