# Furnishare

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.kaiyo.com
- Total disclosed funding: $33M
- Latest round: Series B (Mar 29, 2022)
- Investors on record: 5

## About

Furnishare, Inc. operates an online marketplace that specializes in the resale of gently used furniture, promoting sustainable consumer habits and offering eco-friendly shopping alternatives to diverse clientele.Founded in 2014 and headquartered in New York, US, Furnishare, Inc. is dedicated to the resale of used furniture. The company was co-founded by Alpay Koralturk, who has a history of entrepreneurship. In March 2022, Furnishare secured USD 26.10 mn in Series B funding led by Edison Partners, with participation from other investors including Lerer Hippeau Ventures and Max Ventures. This recent funding round was part of a larger USD 36 mn debt and equity funding initiative, aimed at enhancing the company's growth.Furnishare provides a comprehensive suite of services centered on the resale of pre-owned furniture. Their user-friendly online marketplace facilitates the buying and selling of gently used furniture, complemented by logistics support for pickup and delivery, catering to both individual consumers and businesses. The focus is on quality and authenticity, with a rigorous vetting process ensuring trust among users. The platform primarily serves urban markets across the United States, targeting consumers who prioritize affordability and sustainability in their purchasing choices.Furnishare operates on a commission-based revenue model, generating income from sales made through its online platform. Each transaction involves a seller listing their furniture, while Furnishare manages logistics for pickup, storage, and delivery to buyers. This model allows the company to charge a percentage fee on each sale. Additionally, partnerships with retailers and interior designers facilitate B2B transactions, expanding revenue potential. The platform's pricing plans cater to various budgets, ensuring accessibility and a steady supply of quality inventory.Following its Series B funding in March 2022, Furnishare plans to utilize the USD 26.10 mn raised to support its growth initiatives. The company aims to expand its product offerings and enhance its platform capabilities. Plans are underway to enter new geographical markets, focusing on urban centers in the US, which will be targeted for expansion by the end of 2023. The funding will also bolster the resources needed to enhance logistics and customer service, aligning with the company’s commitment to sustainable practices.

## Funding rounds

- Series B, Mar 29, 2022, $26M — Edison Partners, Correlation Ventures, Lerer Hippeau Ventures, Moderne Ventures, Max Ventures
- Series A, May 17, 2021, $5M — Lerer Hippeau Ventures, Moderne Ventures, Max Ventures
- Seed, Feb 1, 2018, $2M — Correlation Ventures, Lerer Hippeau Ventures, Max Ventures

## Investors

- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed, Series B
- Lerer Hippeau Ventures — Seed, Series A, Series B
- Max Ventures (https://capitalatlas.ai/funds/max-ventures) — Seed, Series A, Series B
- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Series A, Series B
- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series B