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Chairish

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Chairish
Company typePrivately held company
IndustryConsignment, Online marketplace
Founded2013
FounderAnna Brockway, Gregg Brockway, Andrew Denmark, Eric Grosse
Headquarters
San Francisco Edit this on Wikidata
,
United States Edit this on Wikidata
Area served
United States
Productspre-owned home furnishings
Websitewww.chairish.com

Chairish is a curated online marketplace for high-end vintage home furnishings and art.[1][2]

History

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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.[3] According to the founders, sustainability is a top priority among most consumers, and millennials believe the resale market plays a big role in sustainability.[4] 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.[5][6] In January 2019, Chairish announced the acquisition of New York-based Dering Hall, an "online discovery platform" for contemporary furniture brands and interior designers.[7] In 2020, the company launched the Chairish Podcast hosted by journalist Michael Boodro.[8][9] In 2021, the company acquired Pamono, a major European marketplace.[5] In 2021, the company released its first Home Furnishings Resale Report, a study of the resale of home furnishings industry.[2] 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

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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

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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

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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]

References

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