Resident, a platform of digitally native brands in the mattress and home goods market, today announced that in Q4 of 2020 it received an investment of $130 million led by Ion Crossover Partners and Nexus Capital Management with participation from Baron Capital Group. The funds will be used by the company to execute Resident's growth plan, expand its brick-and-mortar retail footprint and strengthen its supply chain and infrastructure to deliver a better customer experience.

The funding round follows a banner year for Resident, registering tremendous sales growth of over 100% compared to 2019. 2020 was also a year of exponential growth in Resident's retail presence, with its products available on the floors of many of the largest bedding retailers in the US.

Resident is a house of direct-to-consumer brands in the home goods space. The company owns and operates multiple brands catering to different consumer furnishing needs including Nectar and DreamCloud.