MYCS
Latest round
- Series B
Last raised
- Jun 2018
Total raised
- $12M
Investors
- 3
About MYCS
MYCS GmbH is engaged in providing customizable furniture solutions. Founded in 2014 in Berlin, Germany, the company has undergone strategic pivots to enhance its product offerings. The founders, Christoph Jung and Claudio Bredfeldt, have experience in the furniture industry.000 mn.MYCS specializes in customizable furniture solutions, allowing customers to design bespoke pieces that fit their specific needs and aesthetic preferences. Their core offerings include sofas, cabinets, shelves, and modular furniture systems tailored to individual specifications. Each product is designed with a focus on modularity and personalization, allowing users to select various dimensions, colors, and materials. MYCS caters to a diverse clientele, including residential customers seeking personalized home furnishings and business clients requiring functional and stylish office solutions.In the most recent year, MYCS reported revenue of EUR 30,142,764 with an EBITDA loss of EUR 9,362,720. The company generates revenue primarily through direct-to-consumer sales and B2B partnerships, emphasizing a customizable online shopping experience. Customers utilize a configurator tool to design their furniture, which can include options for assembly services, providing additional revenue streams.In May 2024, Custodia Capital acquired MYCS GmbH out of bankruptcy. Specific strategies include launching new collections designed for modern living spaces and expanding into new geographic markets beyond Europe, targeting regions such as North America by late 2025. The focus will be on increasing both residential and commercial sales channels to support this growth.
Who invested in MYCS
3 investors across 1 round
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Funding rounds
Series B
Jun 20, 2018
Amount
$12M
Investors
Questions about MYCS
Who invested in MYCS?
MYCS has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MYCS raised?
MYCS has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MYCS last raise money?
MYCS's most recent round on record is a Series B, in Jun 2018.
What does MYCS do?
MYCS GmbH is engaged in providing customizable furniture solutions.
Where is MYCS headquartered?
MYCS is headquartered in Berlin, Germany.
Which VCs invest in companies like MYCS?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back internet companies at MYCS's stage. Their profiles are linked below.
VCs backing internet startups at Series B
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