Pillow Cube Inc., Leader of Sleep Tech Sector, Secures Revenue-Based Funding Deal with Decathlon Capital Partners
Investment will help fund the company's growth via a revenue-based financing agreement that provides the company with dilution-free growth capital
NEW YORK, Sept. 1, 2021 /PRNewswire-PRWeb/ -- Pillow Cube Inc., creator of innovative pillows that meet the needs of the 63 percent of Americans who sleep on their sides, has landed a significant investment from Decathlon Capital Partners to support its further expansion.
The multi-million-dollar, revenue-based investment package will support product development, marketing and inventory purchases by fast-growing Pillow Cube.
Headquartered in Lindon, Utah, Pillow Cube has seen rapid consumer adoption of its two initial products since they were introduced less than two years ago. It has followed that achievement with successful introduction of lines of pillow cases as well as child-sized pillows.
"Our original Pillow Cube and our larger Pillow Cube Pro clearly have helped hundreds of thousands of side-sleepers get a better night's sleep," said Jay Davis, the chief executive officer of Pillow Cube. "We're pleased that this revenue-based funding from Decathlon Capital Partners will allow us to use our sleep-technology expertise to develop even more products and deliver our message to even more consumers."
Matthew Hoffman, vice president of Decathlon Capital Partners, said Pillow Cube's growth reflects its product-development expertise as well as the marketing prowess of its executive team, which has quickly established significant distribution through digital and traditional retail channels.
"Nothing is more important to consumers than a good night's sleep," Hoffman said. "With successful product introductions and a pipeline of future products, Pillow Cube has become the clear market leader in sleep technology."
The company's growth funding package is structured as a revenue-based financing arrangement, meaning no equity or ownership was exchanged for growth capital. Instead, the investment will be repaid through Pillow Cube's future revenue.
Davis said the revenue-based funding provided by Decathlon Capital is a key component in the next phase of Pillow Cube's development. "The flexibility of revenue-based funding is so important to a growing company such as Pillow Cube because it provides funding for growth without requiring us to give up control or take on the expensive overhead of equity financing," he said.
About Pillow Cube Inc.
Founded in 2019 by Jay Davis, a serial entrepreneur and viral marketing expert, Pillow Cube Inc. develops and markets innovative sleep-technology products. Headquartered in Lindon, Utah, Pillow Cube Inc. has worked closely with consumers to develop its Pillow Cube, Pillow Cube Pro and Pillow Cub product lines, as well as accessories such as pillow cases. Learn more at https://www.pillowcube.com/
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at http://www.decathloncapital.com.
Media Contact
Josh Carr, Pillow Cube Inc., (650) 470-1200, [email protected]
SOURCE Pillow Cube Inc
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