What is Floyd?
Founded in 2014 by Kyle Hoff and Alex O'Dell, Floyd is dedicated to producing durable, timeless furniture designed for longevity, contrasting with the disposable nature of fast furniture. The company emphasizes sustainability and consumer convenience, offering products that ship directly to customers, require no tools for assembly, and can be easily disassembled. Floyd furniture is manufactured in American factories using high-quality materials, aiming to provide beautiful, attainable design solutions. The company's commitment to direct-to-consumer sales and efficient logistics supports its mission of creating lasting pieces.
How much funding has Floyd raised?
Floyd has raised a total of $20.6M across 2 funding rounds:
Series A
$5.6M
Series B
$15M
Series A (2018): $5.6M, investors not publicly disclosed
Series B (2021): $15M led by JPMorgan Chase, WaldenVC, 14W Ventures, Beringea, and La-Z-Boy
Key Investors in Floyd
JPMorgan Chase
JPMorgan Chase is a leading global financial services firm providing investment banking, commercial banking, and asset management services.
WaldenVC
Walden Venture Capital focuses on backing teams with mass-market potential and strong core technology, often leading early financing rounds in digital media and cloud services.
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses, providing strategic support to help entrepreneurs build significant companies across various sectors.
What's next for Floyd?
The substantial enterprise-level backing Floyd has received, particularly the major strategic investment in April 2021, positions the company for significant scaling and market expansion. This capital infusion is likely to fuel advancements in product development, enhance manufacturing capabilities, and broaden its distribution network. As a company committed to sustainable and durable furniture, Floyd is poised to capitalize on the growing consumer demand for eco-conscious and long-lasting home goods, further solidifying its market presence.
See full Floyd company page
