| Founded | 2014 |
|---|---|
| Closed | 2022 |
| Country | USA |
| Sector | Ecommerce |
| Total raised | $339M (Target, Lerer Hippeau, New Enterprise Associates, Norwest, 2014–2019) |
| Collapse type | Slow Death |
| Founder | Philip Krim |
Casper
"DTC mattress unicorn IPO'd at $575M in 2020 after raising $339M—then was taken private in 2022 at $6.90/share, down 79% from its IPO price, after years of losses proved the model unworkable."
Years-long decline before final shutdown
Key Events Timeline
Casper was founded in 2014 to disrupt the mattress industry with a DTC model: one mattress, shipped compressed in a box, sold online with a 100-night trial.
// full analysis
Full analysis requires the Analyst plan
Documented cause · Market cycle · Competitive moat type · Verified lesson
€149/mo · or contribute your autopsy for free access →
UnicornBurn Season 0 opens July 2026. 10,000 founders competing in one world. Your startup fights for the market every Saturday. Most will end up here. Which one are you?
JOIN SEASON 0 →Casper followed a documented pattern. Identify the same signals in any company before they reach the point of no return.
Witnessed a startup failure first-hand? Share the real story. First-hand accounts from founders and team members get prioritized for publication.
SUBMIT AN AUTOPSY →Failure intelligence for due diligence and risk analysis.
Structured dataset by collapse type, for 5031 startups. 7-day trial.
See plans →Free JSON API. No key required. 50 autopsies, 10 req/day.
Full dataset available with Intelligence plan API key. CORS enabled.
Explore API →Academic, press, or research use? Free JSON API available — no auth required →