Taeillo Explained

Taeillo
Type:Private
Industry:Furniture E commerce, Retail
Foundation:2018
Key People:Jumoke Dada (CEO)

Taeillo is a furniture company specialising in African-inspired designs.[1]

History

The company was founded by Jumoke Dada in 2018.[2] [3] [4]

In December 2018, Taeillo ran an exhibit to showcase new designers of furniture, textile and lighting.[5]

In February 2020, Taeillo set up an augmented reality exhibition at Lagos social media week.

In October 2021, Taeillo held an exhibition at Eko Design series during Lagos Design Week.[6]

In June 2022, Taeillo was featured on CNN's Inside Africa.[7]

Funding

Taeillo raised about $3 million in funding over three rounds, starting from a $365, 000 pre-seed round in 2019.[8] Its first round was backed by Montane Capital, Co-Creation Hub (CcHub) and B-Knight. In January 2021, CcHub added another $150,000 investment.[9] In December 2022 the company raised $2.5 million in seed funding from Lagos-based investor Aruwa Capital Management, to help it scale its existing operations in Kenya.[10] [11]

References

  1. Web site: Taeillo: Meet The Furniture Company Leveraging Tech To Reshape The Face Of Contemporary Design. April 15, 2020. techbuild.africa.
  2. Web site: Meet Jumoke Dada, craftsman who makes afro-urban furniture. April 9, 2018. Businessday NG.
  3. Web site: How Taeillo is using AR/VR to change the experience of furniture shoppers in Africa. September 2, 2020. techpoint.africa.
  4. Web site: ‘Taeillo is the concept of a home that reflects African beauty'. Guardian Nigeria. October 13, 2018.
  5. Web site: Creatives Cocoon Mentoring Program by Taeillo will showcase aspiring design talent in Furniture, Textile and Lighting Design . Livin Spaces. October 18, 2018.
  6. Web site: HIGHLIGHTS FROM EKO DESIGN EXHIBITION. November 10, 2021. Terracotta & Silk.
  7. Web site: Designed in Africa . CNN. May 6, 2022. edition.cnn.com.
  8. Web site: Taeillo's Funding History. StartupList Africa.
  9. Web site: Home. Co-Creation Hub Nigeria (CcHUB).
  10. Web site: Nigerian startup Taeillo raises funding to scale its online furniture e-commerce platform. Tage. Kene-Okafor. December 12, 2022. TechCrunch.
  11. Web site: Taeillo raises $2.5 million fund from new partnership with Aruwa Capital. December 12, 2022. Technext 24.

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