French start-up Tediber, founded in 2015 by Julien Sylvain, has just completed its first LBO and has brought in Parquest Capital and Eutopia as new investors. Tediber specializes in designing, manufacturing and selling sleep products that are both functional and sustainable. It has already sold over 100,000 mattresses and aims to reach €50 million in revenue in 2021.
The company has developed a strong reputation, with over 40,000 verified customer reviews on its website. Tediber's product range includes mattresses, bed frames, duvets, pillows, bed linen, and sofa beds. The startup is planning to use the funds to accelerate its growth across three main areas: developing a strong brand, expanding its product range, and deploying its "Boîte de Nuit" retail concept, which is already in place in Paris, Toulouse, and Lille.
As part of the LBO, Parquest Capital and Eutopia have taken stakes in Tediber, which will allow the startup to accelerate its growth plans. Parquest Capital is a mid-market private equity firm with over €800 million in assets under management. Eutopia is a venture capital firm with a focus on investing in companies that have a positive impact on society and the environment. Tediber's LBO was supported by 2CFinance, who provided financial due diligence support.
The LBO is expected to help Tediber to achieve its ambitious growth plans and strengthen its position in the highly competitive sleep products market. With the support of its new investors, the startup is well positioned to continue to innovate and grow its product range while remaining focused on providing high-quality, sustainable products to its customers.