About Resident
Resident is a company based in San Francisco (United States) founded in 2008 by Ran Reske, Craig Schmeizer, and Eric Hutchinson was acquired by Ashley Furniture in March 2024.. Resident has raised $142.5 million across 2 funding rounds from investors including Ion AM, Nexus Capital Management LP and Baron Capital. Resident offers products and services including Mattresses, Bed Frames, and Bedding Products. Resident operates in a competitive market with competitors including Eight Sleep, Casper, Leesa, Arhaus and Serta Simmons, among others.
- Headquarter San Francisco, United States
- Founders Ran Reske, Craig Schmeizer, Eric Hutchinson
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Resident Home Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$142.5 M (USD)
in 2 rounds
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Latest Funding Round
$130 M (USD), Series B
Jan 07, 2021
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Investors
Ion AM
& 4 more
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Employee Count
Employee Count
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Acquired by
Ashley Furniture
(Mar 13, 2024)
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Products & Services of Resident
Resident offers a comprehensive portfolio of products and services, including Mattresses, Bed Frames, and Bedding Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-quality mattresses designed for enhanced sleep comfort
Sturdy frames supporting mattresses for home use
Various bedding items promoting overall sleep quality
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Leadership Team
13 people
Sales and Marketing
12 people
Senior Team
8 people
Finance and Accounting
7 people
Human Resources and Administration
6 people
Software Development Team
6 people
Creative and Marketing Team
5 people
Data Analysis and Operations Team
5 people
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Funding Insights of Resident
Resident has successfully raised a total of $142.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $130 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $130.0M
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First Round
First Round
(06 Jan 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - Resident | Valuation | Nexus , ION | |
| Jan, 2020 | Amount | Series A - Resident | Valuation | LIQUiDITY |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Resident
Resident has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Ion AM, Nexus Capital Management LP and Baron Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm offering flexible capital and opportunistic approaches across various financial instruments.
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Founded Year | Domain | Location | |
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Asset management services for growth equity investments through mutual funds and strategies.
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Founded Year | Domain | Location | |
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Long/short strategies are employed by ION hedge fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Resident
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Resident
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Resident Comparisons
Competitors of Resident
Resident operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Eight Sleep, Casper, Leesa, Arhaus and Serta Simmons, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled smart mattress covers and thermoregulated bedding are provided.
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| domain | founded_year | HQ Location |
Mattresses and bedding are provided by an internet-first brand.
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| domain | founded_year | HQ Location |
Luxury mattresses are sold online and delivered directly to customers.
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| domain | founded_year | HQ Location |
Home improvement products including furniture and decor are manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of mattresses and bedding products
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| domain | founded_year | HQ Location |
Mattresses and bedding are offered online by an internet-first brand.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Resident
Frequently Asked Questions about Resident
When was Resident founded?
Resident was founded in 2008 and raised its 1st funding round 12 years after it was founded.
Where is Resident located?
Resident is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Resident a funded company?
Resident is a funded company, having raised a total of $142.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12.5M, raised on Jan 06, 2020.
What does Resident do?
Resident was founded in 2008 in San Francisco, United States, as a brand focused on the mattress sector within the home furnishings industry. Operations involve the development and production of various mattress models, with distribution handled through online and retail channels. Co-founders Ran Reske, Craig Schmeizer, and Eric Hutchinson oversee key aspects of design and business strategy. The company serves the North American market primarily, emphasizing functional bedding solutions.
Who are the top competitors of Resident?
Resident's top competitors include Eight Sleep, Casper and Arhaus.
What products or services does Resident offer?
Resident offers Mattresses, Bed Frames, and Bedding Products.
Who are Resident's investors?
Resident has 5 investors. Key investors include Ion AM, Nexus Capital Management LP, Baron Capital, Liquidity, and Ashley Furniture.