Burrow, a startup bringing a Casper-style approach to manufacturing and delivering sofas, is asserting that it has raised $four.three million in seed funding.
This would possibly may not sound like the obvious space for a startup to deal with — until you’ve had the expertise of attempting to hold a sofa up a twisty flight of stairs, or making an attempt to squeeze it by way of a slim doorway.
Burrow’s sofas are delivered in a compact field, and meeting is barely speculated to take 10 minutes, no instruments required. They even have a modular design that makes them simpler to maneuver from home to deal with or condo to condo, and to broaden with extra seats when you’ve gotten a bigger dwelling area.
You should buy Burrow’s sofas in one-, two-, three- or four-seat configurations — the three seater presently prices $1,095, with free transport and a 30-day trial.
Stephen Kuhl defined by way of e-mail that he and his co-founder Kabeer Chopra got here up with the concept whereas they have been finding out at The Wharton School on the University of Pennsylvania, after they each had unfavorable experiences shopping for couches — Chopra needed to wait weeks for his West Elm couch, which he carried dwelling to keep away from the transport price, whereas Kuhl spent hours assembling his Ikea couch.
“Typically, sofas are either cheap, flimsy and extremely annoying to set up or heavy, expensive and take months to ship,” Kuhl stated. “Simply put, there is no affordable, convenient sofa for the modern consumer. Either buy something that’s basically disposable or overpay for something that may not even fit through the front door of your next home.”
The Y Combinator-backed startup launched in April and says it has been rising 20 p.c month-over-month since then, presently hitting a $7 million annualized income run charge. It’s additionally expanded its product lineup with a chaise sectional and an ottoman, and it moved its manufacturing from Mexico City to Mississippi.
The seed spherical was led by Red & Blue Ventures (a agency targeted on startups popping out of the University of Pennsylvania), with participation from Interplay Ventures, Twitch.television Founder Justin Kan, Y-Combinator CEO Michael Seibel and retail govt Ken Pilot.
“Burrow is the most exciting consumer products company out of Wharton since Warby Parker,” stated Brett Topche, managing director at Red & Blue Ventures, within the funding announcement.