# Fernished

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

- Industry: Retail
- Headquarters: Los Angeles, US
- Website: www.fernish.com
- Total disclosed funding: $54M
- Latest round: Series B (Oct 6, 2022)
- Investors on record: 6

## About

Based in California, US, and founded in 2017 by CEO Michael Barlow, and Lucas Dickey, Fernished, Inc., a.k.a. Fernish operates a furniture and decor rental service company that offers an online subscription-based furniture marketplace for its users to rent furniture in the monthly subscription price. In August 2022, Fernished, Inc. raised USD 8.98 million in a Series B funding from Gaingels Syndicate. As of August 2022, the company has raised a total of USD 61.4 million in funding over 8 rounds.

The company provides a rental platform that allows users to access a wide range of furniture and home décor products from multiple manufacturers. Fernish’s team delivers, assembles, and arranges possible furniture for consumers to live a mobile lifestyle. In addition, the firm offers a rent-to-own program that allows subscribers to apply their previous payments towards the cost of the piece or pieces they want to buy at the end of their subscription.

The company generates revenue from charging a minimum subscription fee of USD 149 per month, which needs to last for at least 4 months.

## Funding rounds

- Series B, Oct 6, 2022, $6.3M — Alumni Ventures Group, Gaingels
- Series B, Aug 12, 2022, $2.7M — Alumni Ventures Group, Gaingels
- Series A, May 5, 2020, $15M — Khosla Ventures, Techstars, RET Ventures, Tapas Capital
- Seed, Jan 24, 2019, $30M — Techstars, RET Ventures

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- RET Ventures (https://capitalatlas.ai/funds/ret-ventures) — Seed, Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- Tapas Capital (https://capitalatlas.ai/funds/tapas-capital) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B