Tylko, the Polish digital-first furniture company, has announced the close of a €22 million Series C round of funding led by Israel-based Pitango Ventures and Finnish Evli Growth Partners.
Since its creation in 2015, Tylko claims to have served almost 60,000 satisfied customers. The €22m investment follows a strong year for Tylko, with its approach to furniture design generating a 132% increase in sales in 2020 in comparison to previous years.
“The new investment shows confidence in Tylko’s offering of premium design coupled with a user experience that puts the customer in control. The brand’s unique business model is premised on its belief that through investment in innovation and cutting-edge technology, the furniture industry can be swayed from ‘fast furniture’ towards durable, user-first products. By embedding conscious consumption in everything it makes, Tylko incorporates sustainability into high-quality and well-designed products,” the company said in a statement.
Angel investors in this Series C round include Brian Walker, former CEO of furniture giant Herman Miller, who had been advising Tylko prior to his investment, and Mark Williamson, COO of renowned US-based online classes platform MasterClass.
As part of this investment, Rami Kalish from Pitango Ventures, Mikko Kuitunen from Evli Growth Partners and Brian Walker will join the company’s Supervisory Board.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.