D2C furniture startup Tylko closes $26M Series C growth round led by Pitango and Evli –
Summary
Polish startup Tylko, a modular furniture company that employs augmented reality as part of its sales cycle, has closed a €22 million ($26 million) investment Series C funding round, led by Israel-based Pitango Growth and Finnish Evli Growth Partners, following previous investors TDJ Pitango and Experior Venture Fund. Additionally, Brian Walker, former CEO of Hermann Miller, and Mark Williamson, COO of U.S.-based MasterClass, join as new investors. The company says it has taken advantage of the period when people have been stuck at home during the pandemic, ordering online, to hit a 132% increase in sales in 2020 in comparison to previous years. We believe that driving sustainability into this huge industry can only be done by creating highly desirable products that will win over customers by their features rather than certificates.” Tylko says its furniture is based on “parametric design”, with each item being quite individual. Tylko’s strong impact-driven vision and made-to-order business model drives the market’s transition towards more sustainable solutions.” Rami Kalish, general managing partner & co-founder at Pitango Venture Capital commented: “Tylko has a huge vision to disrupt the furniture industry.”