Kaiyo, a marketplace for gently-used furniture, secured $36M in Series B funding led by Edison Partners to accelerate growth and expand its sustainable business model.

Target Information

Kaiyo is a full-service marketplace dedicated to the sale of gently-used furniture, emphasizing excellent design and sustainable practices. With a commitment to enhancing consumer accessibility to quality home furnishings, Kaiyo aims to address the challenges associated with furniture resale, which contributes significantly to landfill waste. Since its inception, the company has established itself as a leader in the circular economy, demonstrating more than 100 percent growth year over year, spurred by increasing consumer interest in sustainability and complications arising from pandemic-related supply chain disruptions.

Industry Overview in the USA

The furniture industry in the United States is one of the fastest-growing e-commerce sectors, driven by a shift in consumer behavior towards sustainable and secondhand goods. As a significant contributor to environmental waste, the furniture sector is under pressure to provide more sustainable purchasing options. In recent years, the push for circular economy practices has led to greater demand for used and refurbished furniture, as consumers seek to reduce their environmental footprint while enjoying quality design.

Moreover, the rise of e-commerce has facilitated the growth of re-commerce platforms like Kaiyo, which streamline the buying and selling process for pre-owned furniture. This trend