Chairish, the US-based operator of an online home furnishings marketplace, has received $33m in series B funding from investors including educational publisher O’Reilly’s corporate venturing subsidiary, O’Reilly AlphaTech Ventures (OATV).
Private equity firm Tritium Partners led the round, which also featured venture capital firms Altos Ventures and Azure Capital Partners along with the company’s founders. It has now raised more than $48m altogether
Founded in 2013, Chairish runs an online platform where users can buy luxury home furnishings from a range of some 10,000 sellers. Proceeds from the series C round will be allocated to supporting ongoing company growth.
Gregg Brockway, Chairish’s co-founder and chief executive, said: “The home is playing a dramatically larger role in our lives and Chairish’s growth metrics reflect this growing importance. Over the past year, Chairish’s gross revenue has more than doubled.
“The Tritium investment helps us take advantage of this unique market opportunity and build upon our record growth by further empowering high-end sellers and design lovers to connect online.”
OATV and Azure Capital had combined to provide $3.2m in seed capital for the company in 2013 before co-leading a $4m series A round the following year that included angel investors David Bonderman, Karl Peterson, Spencer Rascoff, Scott Hintz, Bob Pasker, Erik Blachford, Charles Dietrich, Brian Flynn, Greg Baszucki, Iggy Fanlo and Kevin and Julia Hartz.
Chairish added $8m in a 2017 round also described as a series B. It was led by Altos Ventures and backed by OATV and Azure Capital Partners.
