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.