Ernesta, A New Direct-To-Consumer Custom Rug Company, Raises $25 Million In A Series A Funding Round
Ernesta, A New Direct-To-Consumer Custom Rug Company, Raises $25 Million In A Series A Funding Round
11/07/22, 1:31 PM
Location
new yorkMoney raised
$25 million
Industry
commerce and shopping
furniture
retail
Round Type
series a
Ernesta (ernesta.com), a new direct-to-consumer custom rug company launched by John Foley, Hisao Kushi and Yony Feng – three co-founders of Peloton – today announced it has raised $25 million in a Series A funding round. The financing was led by Addition with participation from True Ventures, along with other investors.
Company Info
Location
322 8th avenue
new york, new york, united states
Additional Info
Ernesta is on a mission to bring gorgeous, design-focused custom rugs to homes and places of gathering through an enjoyable, frictionless, and affordable experience. At the same price as a store-bought standard-sized rug, a custom-cut rug from Ernesta will not only be a better fit, but also a better buying experience. We believe that high-quality custom design shouldn't be out of reach for consumers and we aim to address this need in the multi-billion dollar global rug industry.