Chairish Explained

Chairish
Type:Privately held company
Industry:Consignment, Online marketplace
Founded:2013
Founder:Anna Brockway, Gregg Brockway, Andrew Denmark, Eric Grosse
Area Served:United States
Products:pre-owned home furnishings

Chairish is a curated online marketplace for high-end vintage home furnishings and art.[1]

History

The company was founded by former fashion marketing executive Anna Brockway and travel industry executives Gregg Brockway (co-founder at Hotwire and TripIt, Andrew Denmark (co-founder at TripIt) and Eric Grosse (co-founder at Hotwire) in March 2013.[2] According to the founders, sustainability is a top priority among most consumers, and millennials believe the resale market plays a big role in sustainability.[3]  Chairish accepts furniture and decor with no minimum listing price. Listing items is free, and the seller keeps only 55% percent of the final sale.[4] [5] In January 2019, Chairish announced the acquisition of New York-based Dering Hall, an "online discovery platform" for contemporary furniture brands and interior designers.[6] In 2020, the company launched the Chairish Podcast hosted by journalist Michael Boodro.[7] [8] In 2021, the company acquired Pamono, a major European marketplace. In 2021, the company released its first Home Furnishings Resale Report, a study of the resale of home furnishings industry.[9] In January 2023, the company launched The Chairish Art Gallery, a brick-and-mortar retail experience within the New York luxury department store Bergdorf Goodman.[10]

Funding

The company raised a $3.2 million round of funding in July, 2013,[11] $4 million in August 2014[12] and $6.5 million in June 2015, primarily from O'Reilly AlphaTech Ventures (OATV) and Azure Capital Partners. In March 2017, the company announced a new round of $8.5 million led by Altos Ventures with support from return investors OATV and Azure Capital Partners.[13] In 2020, Chairish announced a round of Series B funding of $33 million led by Austin, Texas–based firm Tritium Partners.[14]

Technology

On March 9, 2017, the company launched an in-app augmented reality feature, designed to allow buyers to visualize items in the context of their own home.[15] Subsequently, the Chairish app was named a 2017 Webby Honoree in the Mobile Site & Apps Category for Shopping.[16]

Awards

In 2018, the company ranked No. 388 on the Inc. 500 list of fastest-growing companies. and No. 38 in Entrepreneur's Best Entrepreneurial Companies in America.[17] [18] The company was named to Newsweek’s Best Online Shops list in 2020 and 2022.[19] In 2020, co-founder Anna Brockway was named a Top Woman in Retail by the Women in Retail Leadership Circle.[20] In 2023, she was a recipient of a John Jay Award from Columbia College.[21]

Notes and References

  1. News: Koncius . Jura . 2022-01-25 . Antique and vintage sales have soared, thanks to supply chain issues . en-US . Washington Post . 2023-06-28 . 0190-8286.
  2. https://techcrunch.com/2013/02/27/tripit-founders-launch-chairish-a-consignment-marketplace-to-sell-pre-owned-home-furniture/ "TripIt Founders Launch Chairish, A Consignment Marketplace To Sell Pre-Owned Home Furniture"
  3. Web site: Reynolds . Emma . Millennials Are Choosing Vintage Furniture Over Fast Furniture In The Name Of Sustainability . 2022-08-22 . Forbes . en.
  4. Web site: 2021-08-03 . Chairish Acquires Pamono, Joining American and European Vintage Marketplace Powerhouses . 2022-08-22 . Architectural Digest.
  5. Web site: Buyer Guide - Vintage & Used Furniture and Decor Chairish. Chairish. en. 2017-05-19.
  6. News: Leading Online Home Furnishings Platform, Chairish Inc. Acquires Dering Hall. StreetInsider.com. 2019-03-08.
  7. Web site: 2020-04-21 . How to Start a Podcast . 2023-06-16 . Architectural Digest . en-US.
  8. Web site: 2020-04-09 . The Most Inspiring Design Podcasts . 2023-06-16 . Veranda . en-US.
  9. Web site: Roshitsh . Kaley . 2022-01-11 . Resale Clothing, Why Not Home Goods? Chairish, Kaiyo Make the Case . 2023-06-16 . WWD . en-US.
  10. Web site: Lockwood . Lisa . 2023-01-18 . Bergdorf Goodman to Offer 300-plus Original Artworks From The Chairish Art Gallery . 2023-06-16 . WWD . en-US.
  11. http://www.finsmes.com/2013/07/chairish-raises-3-2m-seed-funding.html/ "Chairish raises $3.2 million in seed funding"
  12. Web site: Vintage Home Decor Marketplace Chairish Collects $4M In Series A Funding. TechCrunch. 2015-10-08. Colleen. Taylor.
  13. Web site: Chairish raises $8 million to find you furniture. Roof. Katie. TechCrunch. 2017-05-19.
  14. Web site: 2020-09-10 . Chairish nets $33 million in Series B funding . 2022-04-14 . businessofhome.com.
  15. News: You Can Now See How That Vintage Piece Looks In Your Home Before You Buy. Apartment Therapy. 2017-05-19.
  16. News: Chairish The Webby Awards. 2017-05-19. en-US.
  17. Web site: McEvoy . Jemima . 2018-09-26 . These Are the 27 Coolest Products of 2018 . 2022-08-22 . Inc.com . en.
  18. Web site: The Best Entrepreneurial Companies in America . 2023-06-16 . Entrepreneur . en.
  19. Web site: Newsweek . 2021-10-14 . Best Online Shops 2022 . 2022-08-22 . Newsweek . en.
  20. Web site: Service . Luxury Daily News . 2021-10-08 . Introducing Luxury Women to Watch 2022 . 2023-06-16 . Luxury Daily . en-US.
  21. Web site: Announcing the 2023 John Jay Awards . 2023-06-16 . Columbia College . en.