Venture Capital News: Burrow Completes $25M Series C Round
2021-02-23
NEW YORK, NY, Burrow, the maker of clever home furniture, today closed $25 Million in Series C funding led by Parkway Venture Capital.
The funding will be used to accelerate the research, design, and launch of several new product categories - and continue Burrow's expansion of its popular furniture and accessories lines. The round included participation from existing investors including NEA, Red & Blue Ventures, Winklevoss Capital, and Michael Seibel.
This round follows a banner year of growth for the company, which debuted a record 19 new products in 2020. As Burrow looks to repeat its triple-digit growth in 2021, it will use the capital to invest heavily in operations and logistics. Its priority remains scaling up manufacturing to support the incredible demand for Burrow furniture and accessories, while also building out its international supply chain.
Burrow is the clever, direct-to-consumer furniture company reinventing the way people furnish their home. The original Burrow Sofa was launched in 2017 to fix the frustrations associated with the furniture industry. In 2018, Burrow was named one of the 10 most innovative retail brands in the world by Fast Company, and the Burrow Sofa was named one of the 50 best inventions of the year by TIME. Burrow products ship free in standard UPS boxes, assemble and disassemble easily, and are sustainably made - all without sacrificing style, quality, or comfort. Headquartered in New York City, with a flagship store in the Soho neighborhood, customers can browse their entire catalog and set up virtual or in-person appointments with their design team at www.burrow.com.
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