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.
Designer sofas, delivered to you in a box within one week. A 100 day return policy. As CEO Stephen Kuhl explained it, “If you live in a walk-up in New York, you need us.” Sound familiar? (899 words)
The natural market progression from startups creating products you can wear, to those that are trying their hand at more advanced “hard” consumer products. (526 words)