SAN FRANCISCO — Chairish, which operates a luxury marketplace for chic and unique home furnishings, has announced a Series B funding round of $33 million led by Austin-based investment firm Tritium Partners. Additional participation in this round includes previous investors Altos Ventures Ltd, Azure Capital, O’Reilly AlphaTech Ventures and the founding team.
Chairish will use the investment to scale its business and further lead the premium home furnishings market as it migrates to online distribution.
The online home furnishings category has grown dramatically over the past several years, and COVID has accelerated consumer adoption of online shopping, fueled by powerful macro trends. As they spend more time at home, Americans are finding their spaces more important than ever and are upgrading them to suit new functions, like home offices and outdoor entertaining. A decrease in spending on travel, dining, events and fashion has also freed up discretionary dollars for home-related purchases.
Founded in 2013, Chairish is the leading online destination for the high-end home, offering an expertly curated assortment of vintage and antique pieces alongside best-in-class items from coveted designer brands, original artists and exclusive makers. Through its comprehensive marketplace, each month Chairish connects 3.8 million affluent shoppers to over 10,000 sellers offering over 500,000 items. Repeatedly achieving a world class 80+ NPS score, Chairish’s full service, easy to shop site has earned a dedicated following of fans, particularly amongst interior designers.
“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,” said Gregg Brockway, CEO and Co-Founder of Chairish.
With this new funding, Chairish plans to grow its team, expand specialized services for sellers and buyers, particularly interior designers, and explore more strategic acquisitions, after its 2019 acquisition of online trade marketplace Dering Hall.