What is Burrow?
Burrow is recognized for its innovative and comfortable furniture, specifically designed to meet the demands of contemporary living spaces. The company's product line features modular sofas and other home furnishings, all constructed with premium, durable materials. A key differentiator for Burrow is its unique design philosophy, which facilitates easy customization and mobility of its furniture pieces. The company targets consumers who prioritize both style and functionality in their home decor, offering a risk-free 30-day trial and expedited shipping. Burrow also emphasizes its commitment to sustainability, utilizing materials such as sustainably-forested wood and top-grain Italian leather in its manufacturing processes.
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 Y Combinator Continuity, New Enterprise Associates, Red & Blue Ventures, and Correlation Ventures
Series B (2019): $9.1M led by Alumni Ventures Group, The MBA Fund, New Enterprise Associates, Social Starts, and Robin Hood Ventures
Debt (2020): $350K supported by PPP
Series C (2021): $25M featuring Parkway Venture Capital
Key Investors in Burrow
Parkway Venture Capital
Parkway Venture Capital is an investor that has participated in Burrow's Series C funding round. Their involvement suggests a focus on later-stage growth companies.
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm known for investing across various stages and sectors. Their participation in Burrow's Series A and Series B rounds highlights their long-term conviction in the company's potential.
Alumni Ventures Group
Alumni Ventures Group is an investment firm that backs companies through its network of alumni. Their investment in Burrow's Series B round indicates support for innovative consumer brands.
What's next for Burrow?
The substantial enterprise-level funding secured by Burrow, culminating in $48.5M, indicates a strong market position and a clear path for scaling operations. The recent strategic investment suggests a focus on expanding market reach, enhancing product development, or potentially exploring new distribution channels. As Burrow continues to grow, it is likely to leverage this capital to further innovate its furniture offerings and solidify its brand presence, aiming to capture a larger share of the direct-to-consumer home furnishings sector. The company's emphasis on modularity and customization aligns well with evolving consumer preferences for adaptable living solutions.
See full Burrow company page
