Altos Ventures leads $8 mln round for Chairish Inc


Chairish Inc, the parent company of vintage furniture, art and decor marketplace Chairish and DECASO, a luxury online platform, has raised $8 million in funding. Altos Ventures led the round with participation from return backers OATV and Azure Capital Partners.

PRESS RELEASE

San Francisco, CA—March 9, 2017— Chairish, Inc., today announces a new round of $8 million in funding, led by Altos Ventures with support from return investors OATV and Azure Capital Partners. Chairish, Inc. is the parent company of Chairish, the leading curated, online marketplace for vintage furniture, art and decor and DECASO, The Decorative Arts Society, the new online home for the world’s top modernism, antique and art dealers. The increase in capital will allow both brands to invest in regional expansion, brand awareness and product innovation. The company is also launching a new augmented reality (AR) feature in their iPhone and iPad apps which lets buyers easily visualize Chairish and DECASO items in their home.

Chairish is the largest marketplace focused on furniture art and decor and has demonstrated consistent growth since launching in 2013. Chairish is making it easy and fun for design lovers to buy and sell. Initially focused on individuals and the sharing economy, Chairish is now increasingly popular with professional sellers, including consignment shops, antique dealers, interior designers and even furniture showrooms.

Launched in late 2016, DECASO is the new luxury online platform created in collaboration with a carefully vetted group of the world’s most discerning dealers. DECASO is invite-only for dealers and offers the world’s best designers and collectors an exceptional place to discover the finest modernist and antique furniture, decorative objects and art. Since DECASO does not charge a commission and shoppers are encouraged to communicate directly with the dealer, pricing can often be favorable when compared to other online companies.

“The online market for furniture, decor and art is in the early stage of a long term growth trend as this huge industry migrates online. With both Chairish and DECASO, we are helping buyers connect directly with sellers in new and exciting ways. We expect the market to grow moving forward as new technologies like augmented reality help people become more comfortable buying online. With this new funding, our team will be able to quickly solve key challenges for our customers and designers, while simultaneously expanding the overall online market,” said co-founder Gregg Brockway. In conjunction with the new funding, Brockway has assumed the role of CEO for both the Chairish and DECASO brands, leading an experienced team of seasoned ecommerce and design executives from Hotwire, Expedia, Levi Strauss, TripIt and others.

The launch of Chairish and DECASO’s new augmented reality feature applies technology to the online home market to help take the guesswork out of the shopping experience. The new, easy-to-use feature solves the age-old dilemma of “will this item work in my space?” Shoppers choose a Chairish or DECASO product they’re considering and select the app’s “View In Your Space” button to activate the iPhone or iPad’s camera. The selected product will appear in the camera’s view, allowing you to virtually “place” the item in your room setting. While in camera mode, the product dimensions shown are a handy reference. For shopping on the go, you can also work with saved room images from your photo library. After taking the picture, the image is saved to your camera roll and you can share it with others via email, messaging or social media. For interior designers, the new iOS feature provides a helpful way to show what pieces may look like in their clients’ homes for easier decision-making.

To download the Chairish app, visit: https://itunes.apple.com/us/app/chairish-home-decor-vintage/id738192971?mt=8

To download the DECASO app, visit: https://itunes.apple.com/us/app/decaso-antique-furniture-shopping-design-decor/id1141929613?mt=8

About Chairish
San Francisco-based Chairish and its award-winning mobile app make it fun and easy for design lovers to buy and sell vintage and pre-loved furniture, decor and art. Chairish exclusively features curator-approved treasures in a full-service and trustworthy environment. The site delivers inspiration, convenience, and newfound value to both buyers and sellers who share an obsession with fabulous finds.

About DECASO

DECASO is the online home for the world’s top modernism and antique dealers. Started in 2016 by creators of Chairish a group of top modernism and antique dealers, DECASO provides a powerful sales and marketing platform to the design industry with a proven technology platform and a dealer-friendly business model.

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