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Online mattress startup SIMBA is ‘continuously’ raising money and got another £2 million in May

Gareth Bale advertising SIMBA

LONDON — Online mattress startup SIMBA Sleep has raised at least £2 million to fuel growth since February, accounts show.

SIMBA raised £9 million in February but accounts filed with Companies House show the startup, which is advertised by Real Madrid footballer Gareth Bale, has already gone back to investors for more cash.

Directors and investors gave the business a further £2 million in May 2017 in the form of convertible loans and interest-free, unsecured loans, accounts show.

The accounts also suggest SIMBA has raised £2 million in equity funding since February, although the timing of this investment is not clearly worded.

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Source:: BusinessInsider.Com

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