What is Burrow?
Burrow distinguishes itself in the furniture industry by offering modular sofas and home furnishings designed for contemporary lifestyles. The company prioritizes the use of durable, premium materials, including sustainably-forested wood and top-grain Italian leather, to construct its stylish and functional pieces. A key aspect of Burrow's business model is its emphasis on customization and ease of movement for its furniture, catering to consumers who value both aesthetics and practicality. The company further enhances its customer proposition with a 30-day risk-free trial and efficient shipping services, aiming to simplify the home furnishing process.
How much funding has Burrow raised?
Burrow has raised a total of $48.5M across 4 funding rounds:
Series A
$14M
Series B
$9.1M
Debt
$350K
Series C
$25M
Series A (2018): $14M with participation from Red & Blue Ventures, New Enterprise Associates, Y Combinator Continuity, and Correlation Ventures
Series B (2019): $9.1M led by Robin Hood Ventures, Social Starts, Alumni Ventures Group, New Enterprise Associates, and The MBA Fund
Debt (2020): $350K supported by PPP
Series C (2021): $25M featuring Parkway Venture Capital
Key Investors in Burrow
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm known for investing across various stages and sectors, often focusing on technology and healthcare.
Robin Hood Ventures
Robin Hood Ventures is an angel investment group that supports early-stage companies, particularly those in the Philadelphia region, with a focus on fostering local economic growth.
Parkway Venture Capital
Parkway Venture Capital is an investment firm that provides capital to companies, though specific sector focus is not detailed here, suggesting a broad investment mandate.
What's next for Burrow?
The substantial enterprise-level funding Burrow has attracted, culminating in its most recent strategic investment, positions the company for accelerated scaling and market expansion. This capital infusion is likely to fuel further product development, enhance manufacturing capabilities, and broaden its marketing reach. As Burrow continues to innovate in the direct-to-consumer furniture space, its focus on modularity, sustainability, and customer experience will be critical in solidifying its market leadership and capturing a larger share of the home furnishings sector. Future growth may also involve exploring new product categories or strategic partnerships to complement its existing offerings.
See full Burrow company page
