Daily News
From Home Furnishing Business
Chairish Gets $4 Million Investment
August 13,
2014 by in Industry, Internet 
Chairish Inc., the online marketplace for pre-owned furniture, has received a $4 million Series A investment led by Azure Capital and O’Reilly Alpha Tech. Ventures.
Participating in the round are technology and private equity executives including David Bonderman (Founder TPG Capital), Karl Peterson (Co-founder Hotwire, Partner TPG), Spencer Rascoff (CEO Zillow, Co-founder Hotwire), Scott Hintz (Co-Founder TripIt), Bob Pasker (Strategic Advisor Azure Capital), Erik Blachford (ex-CEO Expedia), Kevin and Julia Hartz (Founders Eventbrite), Iggy Fanlo (CEO Lively, Shopping.com), Brian Flynn and Greg Baszucki (Co-founders FoundingPartners) and Charles Dietrich (CEO SlideRocket, MileIQ).
“Furniture is a typical household’s third largest investment but it’s ridiculously hard to sell," said Chairish Co-Founder and Chairman Gregg Brockway.
"A vertical, curated marketplace built around a great mobile experience makes it dramatically simpler to buy and sell home decor. Ultimately, we aim to change how people think about decorating their home because a home with style doesn’t have to cost a fortune,” Brockway said. “We are honored and fortunate to have this talented group of investors support us in our mission.”
“Chairish has created a burgeoning marketplace that works effectively for both buyers and sellers," said Azure Capital Managing Partner Mike Kwatinetz. "Sellers uncover newfound value in their home furnishings while design lovers can shop for fine used and vintage furniture with unprecedented convenience.”
Chairish offers pre-owned items for sale on consignment and shares up to 80 percent of the proceeds with the consignor. The company is headquartered in San Francisco with representatives in New York, Los Angeles and Atlanta.
Including this funding, Chairish has raised more than $7 million of capital since its 2013 founding. As of July 2014, Chairish serves 120,000 monthly customers and adds more than 1,000 items per week for sale to its curated marketplace.