Burrow, a startup bringing a Casper-style method to production and handing over sofas, is pronouncing that it has raised $four.three million in seed investment.
This would possibly would possibly now not sound like the obvious space for a startup to take on — except you’ve had the enjoy of looking to lift a sofa up a twisty flight of stairs, or making an attempt to squeeze it via a slim doorway.
Burrow’s sofas are delivered in a compact field, and meeting is best meant to take 10 mins, no gear required. They actually have a modular design that makes them more uncomplicated to transport from area to deal with or condo to condo, and to extend with extra seats you probably have a bigger residing house.
You can purchase Burrow’s sofas in one-, two-, three- or four-seat configurations — the 3 seater these days prices $1,095, with loose delivery and a 30-day trial.
Stephen Kuhl defined by means of e-mail that he and his co-founder Kabeer Chopra got here up with the theory whilst they had been finding out at The Wharton School on the University of Pennsylvania, when they each had damaging studies purchasing couches — Chopra needed to wait weeks for his West Elm sofa, which he carried house to steer clear of the delivery value, whilst Kuhl spent hours assembling his Ikea sofa.
“Typically, sofas are either cheap, flimsy and extremely annoying to set up or heavy, expensive and take months to ship,” Kuhl mentioned. “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 introduced in April and says it’s been rising 20 % month-over-month since then, these days 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 production from Mexico City to Mississippi.
The seed spherical used to be led via Red & Blue Ventures (a company fascinated with 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,” mentioned Brett Topche, managing director at Red & Blue Ventures, within the investment announcement.