# Loveseat

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

- Industry: Consumer Products
- Headquarters: San Diego, US
- Website: www.loveseat.com
- Total disclosed funding: $7M
- Latest round: Series A (Dec 20, 2021)
- Investors on record: 1

## About

Based in California, US, and founded in 2013, Loveseat Inc. operates an online auction marketplace designed to provide value to customers while assisting suppliers in reducing waste, expense, and effort associated with excess inventory. In March 2022, Loveseat Inc. raised USD 7 million in Series A funding led by Bessemer Venture Partners. Chris Stanchak (CEO) and Jenny Stanchak (CTO) are the co-founders of the company.

The company's online furniture auction provides discounts on overstock, returned, vintage, and used home furniture in San Diego, Los Angeles, Orange County, and Austin. Customers can bid on customer returns, retail overstock, shabby chic, Danish modern, mid-century modern, and other items in weekly online auctions.

The organization plans to use the March 2022 funding to accelerate executive hiring capabilities, expand to every major market nationally, and transition to a direct-sourcing model.

## Funding rounds

- Series A, Dec 20, 2021, $7M — Bessemer Venture Partners

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A