A San Francisco-based online marketplace that specializes in reselling antique and vintage furniture has raised fresh funding, according to an SEC filing.
Chairish raised just over $9 million in new equity funding, according to the filing, which would bring its total equity funding to $64 million, according to PitchBook.
The raise comes almost three years since its last round, when the company raised a $33 million Series B round amid a surge in e-commerce purchases as Covid-19 restrictions pushed more consumers online and office workers shifted to working from home.
“It's been an exciting roller coaster, and I really like the seat that we've found ourselves in,” CEO Gregg Brockway told the Business Times in a 2020 interview. “While there's so much pain and frustration and difficulties with the Covid pandemic, the online home category has become one of the few bright spots in the consumer landscape.”
Brockway co-founded Chairish in 2013 with his wife, Anna, Eric Grosse and Andy Denmark.
Last year, the company made its third acquisition, a U.K.-based furniture marketplace called Kairos Collective, for an undisclosed price, according to PitchBook.
In 2021, Chairish acquired Pamono, an online furniture marketplace based in Germany. That deal was worth $4.4 million, according to PitchBook.
And its purchase of online retailer Derring Hall in 2019 helped Chairish expand beyond second-hand sellers and into new furnishings sales.
The company also landed on Andreessen Horowitz's annual ranking of the top 100 online marketplaces for the first time this year.
Furniture and home goods sales reached $133 billion and accounted for 17% of e-commerce sales in 2021, according to Statista, and the market for online furniture sales is expected to grow 8.5% annually.
