Big Money: Burrow’s $4.3M seed points to a larger trend – VCs are warming up to emerging furniture brands.
With a couple of recent VC-backed furniture busts, no one would’ve blamed VCs for rejecting the furniture space this year. And yet here we are, close to Christmas, and two rising furniture companies — Floyd and Burrow — have both managed to raise two $4M+ rounds. We spoke to Burrow to find out how investors are looking at new furniture brands like theirs in a different light.
Floyd locked up a $875K seed round last year (but didn’t tell anyone). Here’s what you need to know.
In something of a delayed fundraising announcement, we spoke to co-founder Alex O’Dell, who filled us in on the furniture brand’s unpublicized $875K seed round from May 2016 led by LZB Investments and Airbnb’s Joe Gebbia. (886 words)