Consumer & Retail | Debt & Equity Recapitalizations

Nectar Completes Growth Equity Financing

  • TM Capital served as exclusive financial advisor to DreamCloud Holdings, LLC (d/b/a Nectar Sleep) in completing a simultaneous growth equity and strategic partnership transaction
  • Founded in 2016, Nectar Sleep is rapidly disrupting the traditional mattress industry – designing and marketing innovative “Bed-In-A-Box” mattresses under the Nectar and DreamCloud brands
  • The Company markets its family of products direct-to-consumer via a highly sophisticated, purpose built e-commerce platform incorporating proprietary performance marketing and data science capabilities
  • The equity financing was led by several well-known family office investors; concurrently, the Company entered into an innovative strategic partnership with one of North America’s largest mattress supply and distribution resources, providing Nectar with valuable sourcing and logistics support in addition to efficient inventory financing
  • This set of transactions arms Nectar with the capital and capacity to continue its “hyper-growth” ascent; supporting accelerating investment in consumer marketing, product innovation and new channel development