The Duke Angel Network announced today an investment in Wright Sleep, Co., a New York City-based mattress company that is shaking up the bedding industry with a superior product sold through an e-commerce platform.
Aiming to disrupt a “broken industry,” Dan Hauber launched Wright in 2014, with the intention of offering “the world’s most comfortable mattress.” After two years of testing and 27 prototypes, Hauber believes Wright has done just that with its production of the WRIGHT 1.27 mattress. With four layers of foam, and precisely tuned density and airflow gradients, the mattress ensures perfect alignment and a feeling of weightlessness.
Wright couples its superior product with superior customer service. Each Wright mattress comes with a 120-day money-back guarantee, a 15-year warranty, and complimentary white-glove installation service, which includes removal and recycling of the customer’s old mattress.
“It’s a true honor to work with the Duke Angel Network as our lead investor in WRIGHT as we launch this new business. Aside from the financial support, this partnership gives us access to a stellar group of advisors with years of valuable, hands-on experience. When I’m facing challenges with recruiting, product development, or marketing, I can rely on the Duke Angel Network to provide guidance and connections to help us chart a path forward. I couldn’t be happier with the support we’ve been given,”
said Dan Hauber, CEO and founder of Wright.
“We couldn’t be more excited to back WRIGHT in their efforts to disrupt the mattress and bedding industry. We were impressed by their business and products, and inspired by the passion shown by Dan and the WRIGHT team. They’re truly committed to building better products and to taking care of their customers,” said John Glushik, Managing Director of the Duke Angel Network.
In addition to the lead investment made by the DAN, WRIGHT has received investments from an impressive coalition of former founders and entrepreneurs, including Brian Spaly (Co-founder – Bonobos, Co-founder Trunk Club), John Tucker (Co-founder – Trunk Club), and Courtney & Carter Reum (Co-Founders – Veev).
Mr. Hauber earned a B.S. in Economics from Duke University in 2002.
About Wright Sleep, Co.
Wright is guided by the vision that “your bed is the most important space in your life” and you deserve to “wake up WRIGHT.” To craft products that live up to this standard, WRIGHT builds all of its mattresses and bedding entirely in the US, using the best possible materials. ‘We design our products in our studio in New York, and then work closely with our suppliers throughout the US”, said Hauber. “We are proud to source components from traditional mattress and furniture manufacturing areas like Georgia, North Carolina, and Ohio.” For more information, please visit www.wrightbedding.com.
About the Duke Angel Network
The Duke Angel Network is focused on helping private companies grow by facilitating the flow capital and support from Duke angel investors. Founded in 2015, the Duke Angel Network is investing in companies in which a founder or executive is a Duke University alumnus, faculty member, staff member, student, or parent. Members (investors) are individual accredited investors with a Duke affiliation. The group targets private companies with the potential for significant growth and financial return. In addition to facilitating investments, the Duke Angel Network leverages the power of the global Duke community to provide guidance and expertise to portfolio companies.
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