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Online Furniture Marketplace Kaiyo Raises $36 Million In Series B To Accelerate Expansion, Led By Edison Partners

Mar 29, 2022•over 3 years ago

Amount Raised

$36 Million

Round Type

series b

Description

Kaiyo, a full-service marketplace for gently-used furniture committed to great design, exceptional customer care, and a more sustainable planet, today announced a $36M Series B funding round comprised of equity and debt, led by Edison Partners. The investment will be used to further accelerate growth and market expansion, starting with California. This funding round comes amidst rapid growth for Kaiyo, who has experienced more than 100 percent consistent growth year over year due to growing interest in the circular economy and pandemic-induced supply chain issues.

Company Information

Company

Kaiyo

About

Kaiyo is an online furniture marketplace dedicated to great design, exceptional customer care, and a more sustainable planet. Kaiyo makes buying and selling furniture simple and sustainable by providing deep discounts on top brands to its buyers and by handling the moving, pickup, photography, cleaning, and delivery for its sellers. Kaiyo currently serves and provides white-glove delivery to the New York, Philadelphia, Baltimore, and Washington D.C. metropolitan areas, and offers nationwide delivery. The company is backed by Edison Partners, Moderne Ventures, Lerer Hippeau, Correlation Ventures, and Max Ventures.

Funding Insights

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