Poland’s Tylko raises €22 million in funding

Poland, Europe-based digital furniture company Tylko announced in March 2021 that it has raised €22 million in a Series C funding round led by Israel-based Pitango Ventures and Finnish Evli Growth Partners. 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. Post the investment, Rami Kalish from Pitango Ventures, Mikko Kuitunen from Evli Growth Partners and Brian Walker will join the startup’s Supervisory Board.

The startup will use the proceeds from the funding round to hire individuals who will help them make ever-better products through industry-leading technology and a customised approach to design.

About the startup

Benjamin Kuna, Hania Kokczynska, Jacek Majewski, Michal Piasecki and Mikolaj Molenda2015 founded Tylko in 2014. The startup sells furniture online and believes that the furniture industry can be converted from fast furniture to durable, user-first products. To date, it has served around 60,000 satisfied customers and has no intentions of slowing down. 

Tylko has witnessed sales during the pandemic increase by 132%, as its future-proof business model uses an online-only, direct-to-consumer (D2C) and made-to-order approach. From each order, Tylko’s unique and patented software automates the manufacturing process for its production partners, a directly scalable process.

Statements from the stakeholders

Mikko Kuitunen, Growth Partner at Evli Growth Partners, Founder and CEO of Vincit, said his firm is impressed by Tylko’s extraordinary growth and potential to scale the company as a market leader, providing new, customized solutions within the furniture market. He also said that Tylko’s strong impact-driven vision and made-to-order business model influences the market’s switch towards more sustainable solutions. By augmenting material use, production efficiency and offering customers unique, long-lasting design, he believes Tylko is placed at the front of such a transition.

Rami Kalish, Managing Partner and co-founder at Pitango, said Tylko has a huge vision to revolutionize the furniture industry that has frozen in time with its remarkable technology and a firm commitment to protecting Mother Earth. His firm believes in Tylko because its outstanding founding team outdoes all the business parameters of scale, growth and customer satisfaction while upholding excellence in executing an inspiring ESG and sustainability vision.

Co-CEO and co-founder of Tylko Jacek Majewski said Tylko’s vision has always been about placing the user experience first, in order to create a product that is perfectly designed, is of high-quality and sustainable. The startup believes that driving sustainability into this huge industry can only be done by creating highly desirable products that will be liked by customers for their features rather than certificates.

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