fernish

fernish

Fernish

As the divide between home and work erodes, Fernish is one of several startups targeting young adults with a monthly subscription to modern home and home-office decor.

The startup that rents and sells furniture made by brands like Crate and Barrel and CB2 raised a $15 million equity round last month as well as $15 million in debt financing last quarter, the company told dot.LA.

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Fernish

On this week's episode of the Just Go Grind podcast, hear from Michael Barlow, co-founder and CEO of Fernish. Fernish is a premium furniture rental service offering flexibility for those who don't want to be weighed down by owning.

Key takeaways:

  • Founded in 2017, Fernish was inspired by a pain point Barlow experienced: the drag of renting space to store furniture and decor during his multiple and frequent moves.
  • Fernish raised $30 million in a seed round led by Real Estate Technology (RET) Ventures in 2019. (In May, this year, the company raised $15 million in a Series A round led by Khosla Ventures.)
  • A co-founder proved critical for Barlow for many reasons, but especially for emotional support and for raising capital because potential investors see complimentary strengths in the founders.
  • Participating in the program at TechStars proved extremely useful for Fernish founders to learn a lot about how to scale a business and zero in on the company's focus.
  • Barlow prioritizes people operations and the personnel management side to strengthen company culture, so people are inspired to work and stay with the company.
  • Barlow says Fernish is proud to be based in L.A. and hire from the growing pool of Angeleno talent.
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Fernish

Americans locked out of the workplace have been remaking their home offices by adding desks, plants and wall hangings. Some of it so that they look a little more slick on Zoom calls.

The new interest in a beautiful home office has been a boon to furniture services like Fernish, which sells itself as an affordable option to upscaling your home. The rental service recently closed on a $15 million Series A led by Kosla Ventures, alongside other top investors including Scott Cook (founder of Intuit), Eytan Elbaz (founder of Scopely), and Jeff Wilke (Amazon's CEO of Worldwide Consumer), and Spencer Rascoff (founder of Zillow and dot.LA).

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