ABOVE: Scott Paladini, founder, Bear Mattress
(photo by Aaron Houston/NJBIZ; courtesy of Bear Mattress)
For a mattress company, these guys aren’t doing much lying around…
“We are excited to be the seventh fastest growing private company on this year’s Inc. 5000 and the second-fastest growing of any consumer product business,” said Bear Founder & CEO Scott Paladini. “This is testament to the power of quality products, a dedicated customer service effort and a strong team culture. I applaud the hard work of all Bear employees and look forward to our continued growth.”
Bear Mattress has seen three-year growth of 13,481%, with 2018 revenue reportedly $20.5 million. Initially opening in Hoboken’s Monroe Center as Hibernate Bedding, Paladini saw an opportunity in emerging direct-to-consumer retail of mattresses, pillows and sleep accessories—featuring the latest advancements in sleep technology.
“The Bear Mattress is designed specifically for recovery, cooling and comfort,” Paladini told hMAG in an interview last year. “[It’s] made of proprietary foam layers, which, combined with graphite gel foam and FDA-determined Celliant technology, offer an unrivaled sleep for under $1,000. But don’t take my word for it, consumer reviews speak for themselves—Bear Mattress currently has over 5,000 five-star reviews (and counting).”
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. Editor-in-Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”