# Burrow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/burrow

- Industry: Consumer Products
- Headquarters: New York, US
- Website: www.burrow.com
- Total disclosed funding: $58M
- Latest round: Series C (Mar 17, 2022)
- Investors on record: 13

## About

Burrow, Inc. is a US-based company that specializes in designing and manufacturing innovative furniture solutions that emphasize functionality and quality for modern living spaces.Burrow, Inc., founded in 2016 and headquartered in New York, US, focuses on creating versatile furniture products. The founders are Austin Siewert, Kabeer Chopra, and Stephen Kuhl, with Stephen Kuhl serving as the CEO. The company has successfully raised a total of USD 25.00 mn in funding, with its latest round being a Series C, led by Parkway Founders on July 14, 2022. Burrow has completed 9 funding deals, reflecting a strong interest in its growth. The company’s current valuation stands at USD 162.28 mn.Burrow specializes in designing and manufacturing innovative furniture solutions that prioritize functionality and quality. Their core offerings include a range of modular seating options such as sofas, sectionals, and sleeper sofas, specifically engineered to provide comfort and adaptability for modern living spaces. Notably, their flagship product, the Nomad Sofa, integrates a queen-sized mattress into a stylish design, addressing the need for versatile seating and sleeping arrangements. The company also features a selection of shelving and storage solutions that make efficient use of space, catering to urban dwellers and families looking for practical home organization. Burrow's products are available primarily in the North American and European markets, targeting consumers who value stylish and functional furniture solutions for their homes.Burrow generates revenue through direct-to-consumer sales, offering a streamlined online shopping experience that allows customers to customize their furniture selections. The pricing structure varies based on product specifications, with flagship items such as the Nomad Sofa and Range Sectionals priced to reflect their premium materials and design features. Additionally, the company provides services like free swatches, enhancing customer engagement and satisfaction. Clients typically place orders online, selecting from various configurations and styles, which are then shipped directly to their homes. This model fosters a direct relationship with end-users, facilitating repeat business and customer loyalty through high-quality, adaptable furniture offerings.In July 2022, Burrow, Inc. raised USD 25.00 mn in venture funding from Multiplier Capital to support its growth initiatives. The company plans to introduce new product lines designed to enhance its current offerings, with anticipated launches set for late 2023. Burrow is also focused on expanding its market reach into additional European countries, specifically targeting Germany and the UK by mid-2024. The recent funding will facilitate product development and market expansion efforts.

## Funding rounds

- Series C, Mar 17, 2022 — Alumni Ventures Group
- Series C, Feb 19, 2021, $25M — New Enterprise Associates, Winklevoss Capital, Alumni Ventures Group, Gaingels, Red & Blue Ventures, Parkway
- Series B, Jul 11, 2019, $9.1M — Robin Hood Ventures
- Series A, Mar 21, 2018, $14M — New Enterprise Associates, Correlation Ventures, Y Combinator, Red & Blue Ventures
- Seed, Dec 7, 2017, $4.3M — Interplay, Red & Blue Ventures
- Seed, Sep 1, 2017, $4.3M — Noemis Ventures
- Seed, Aug 22, 2016, $0.9M — Y Combinator, FundersClub, SGH Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- SGH Capital (https://capitalatlas.ai/funds/sgh-capital) — Seed
- Noemis Ventures (https://capitalatlas.ai/funds/noemis-ventures) — Seed
- Interplay (https://capitalatlas.ai/funds/interplay) — Seed
- Red & Blue Ventures (https://capitalatlas.ai/funds/red-blue-ventures) — Seed, Series A, Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series C
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- Robin Hood Ventures (https://capitalatlas.ai/funds/robin-hood-ventures) — Series B
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series C
- Parkway (https://capitalatlas.ai/funds/parkway) — Series C