Purple (company)
| |
Private | |
Industry | Mattresses |
Founded | 2015 |
Founders | Tony and Terry Pearce |
Headquarters | Alpine, Utah, United States |
Area served | Canada, United States |
Products | Mattresses, pillows, sheets, mattress protectors, adjustable beds, seat cushions, back cushions, and bed platforms |
Website |
purple |
Purple is an American comfort technology company based in Alpine, Utah, USA. It specializes in the direct-to-consumer sale of mattresses, seat cushions, back cushions, pillows and platform bases.
History
Tony and Terry Pearce (brothers), began by creating carbon fiber sporting goods and wheelchairs in 1989.[1] In the following years, they created EdiZone, LLC and own 23 trademarks in cushioning materials, fluids, and hyper-elastic polymers. The patents are used in medical devices, shoes, and toys.[1][2]
In 2013, a patented machine was invented and named Mattress Max, which allowed them to create and mold large pieces of elastic polymers into mattresses.[1]
They went on to found Purple and started a Kickstarter campaign for a king-sized mattress topper which launched on September 23, 2015. Five days later the campaign reached its original goal amount of $25,000.[3] On November 7, 2015 the Purple mattress campaign ended with 320 backers pledging $171,560.[4]
Purple partnered with The Harmon Brothers team to launch a series of videos that explain and demonstrate the science behind the mattress. Purple’s videos and advertisements collected more than 100 million views.[5]
On July 27, 2017, Purple announced a merger with Global Partner Acquisition Corp (GPAC) at a $1.1B valuation.[6]
In November 2017, Purple acquired the domain Purple.com for an undisclosed amount.[7]
Products
Purple manufactures mattresses, seat cushions, back cushions, and pillows. Purple has developed specialty sheets, mattress protectors, adjustable beds, and bed foundations.[8]
On September 22, 2016, a second Kickstarter campaign opened to gain $25,000 worth of financial support for Purple’s pillow. One month later, Purple raised about $2.6 million from over 17,000 backers.[9]
References
- 1 2 3 Feldman, Amy (2 May 2017). "How Purple's Mattress Missionaries Hope To Sell $2 Billion Worth Of Their Comfort Technology". Forbes. Forbes. Retrieved 4 September 2017.
- ↑ "EdiZONE, LLC Trademarks". Retrieved 8 December 2016.
- ↑ "Kickstarter, Purple: The Latest Technology in Comfort and Sleep".
- ↑ "Kickstarter, Purple: The Latest Technology in Comfort and Sleep".
- ↑ Feldman, Amy (2 May 2017). "Behind Purple's Success: Harmon Brothers, Creators Of A Rainbow-Pooping Unicorn, Turn Videos Viral". Forbes. Forbes. Retrieved 4 September 2017.
- ↑ "Mattress Startup Purple Agrees to $1.1B Merger With Publicly Traded Investment Shell Company". Retrieved 27 July 2017.
- ↑ "Purple Mattress Upgrades to Purple.com". DomainInvesting.com. 6 November 2017. Retrieved 11 November 2017.
- ↑ "How This Purple Mattress 20 Years in the Making Became an Overnight Success with Shopify Plus – Shopify". Retrieved 8 December 2016.
- ↑ "Purple Pillow: The World's First No-Pressure Head Bed". Retrieved 8 December 2016.