# MYCS

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

- Industry: Internet
- Headquarters: Berlin, Germany
- Website: www.mycs.com
- Total disclosed funding: $12M
- Latest round: Series B (Jun 20, 2018)
- Investors on record: 3

## About

Based in Germany, MYCS GmbH provides tailored furniture solutions that allow customers to create personalized designs for their spaces, focusing on individuality and style.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. MYCS has completed a total of 7 funding deals, with the most recent being a Series B round on May 1, 2024, led by Provenance Venture Partners, raising EUR 10.000 mn. This brings the total amount raised to EUR 10.000 mn, with a current company valuation of EUR 66.113 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. The company operates across multiple European markets, including Germany, Austria, Switzerland, and France, ensuring a wide reach for their innovative furniture products.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. The transaction structure is straightforward; customers select their desired products, customize them, and finalize their orders online, with pricing varying based on their choices.In May 2024, Custodia Capital acquired MYCS GmbH out of bankruptcy. The company plans to leverage the recent funding to expand its product line and enhance its market presence. 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.

## Funding rounds

- Series B, Jun 20, 2018, $12M — Zimmermann Investment, Provenance Venture Partners, 3E Capital Group

## Investors

- Zimmermann Investment — Series B
- Provenance Venture Partners (https://capitalatlas.ai/funds/provenance-venture-partners) — Series B
- 3E Capital Group — Series B