What is Mycs?
MYCS specializes in offering highly personalized furniture solutions, including sofas, shelves, cabinets, and wardrobes, that can be customized online. Their modular furniture is engineered to meet precise individual specifications, merging superior craftsmanship with enduring design principles. MYCS targets consumers who prioritize uniqueness and aesthetic appeal, providing an intuitive online configurator that enables the creation of bespoke pieces perfectly suited for any living or working space. The company's dedication to high-quality materials and client satisfaction has cultivated a substantial and loyal customer base exceeding 100,000 individuals.
How much funding has Mycs raised?
Mycs has raised a total of $31.8M across 3 funding rounds:
Series A
$10.6M
Other Financing Round
$10M
Series B
$11.3M
Series A (2017): $10.6M with participation from Global Founders Capital
Other Financing Round (2018): $10M, investors not publicly disclosed
Series B (2018): $11.3M supported by Zimmermann Investments, Beringea, and Global Founders Capital
Key Investors in Mycs
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses in the US and UK, focusing on empowering entrepreneurs to build billion-dollar companies. With a diverse network and expertise across multiple sectors, they provide strategic support to their portfolio companies.
Global Founders Capital
Global Founders Capital is a global early-stage investor that empowers gifted entrepreneurs by backing them from pre-seed to IPO. With a track record of supporting over five hundred entrepreneurs worldwide, including notable companies like Facebook and LinkedIn, GFC focuses on category-defining ventures.
What's next for Mycs?
The recent major strategic investment positions Mycs for accelerated scaling and potential market leadership in the customizable furniture sector. With a foundation built on quality and customer-centric design, the company is poised to leverage this capital for product innovation, enhanced digital customer experiences, and potentially expanding its operational footprint. The enterprise-level funding context suggests a focus on solidifying its market position and potentially exploring new distribution channels or strategic partnerships to further its growth objectives.
See full Mycs company page
