8/12/14

Online used furniture marketplace Chairish raises $4 million

The marketplace has raised more than $7 million since its founding last year.

Zak Stambor , Managing Editor

Online used furniture marketplace Chairish Inc. has raised $4 million in a Series A funding round led by Azure Capital and O’Reilly Alpha Tech Ventures.

A number of private equity executives also participated, including David Bonderman, founder of TPG Capital; Karl Peterson, the co-founder of Hotwire and TPG partner; and Spencer Rascoff, CEO of real estate web site Zillow and a Hotwire co-founder.

The San Francisco-based marketplace features used items for sale on consignment. It shares up to 80% of an item’s sale price with the consignor.

“We aim to change how people think about decorating their home, because a home with style doesn’t have to cost a fortune,” says Chairish co-founder and chairman Gregg Brockway.

The marketplace has raised more than $7 million since its founding last year.

Chairish competes with another online used furniture marketplace, Move Loot, which raised $2.8 million in a seed round of funding earlier this year.

Topics:

Azure Capital, Chairish, Chairish funding round, Gregg Brockway, Hotwire, O’Reilly Alpha Tech Ventures, online marketplace funding, Zillow

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