Tylko, the digital-first furniture company, announced today the close of a €22m Series C round of funding led by Israel-based Pitango Ventures and Finnish Evli Growth Partners.
Since its creation in 2015, Tylko has served almost 60,000 and the €22m investment follows a strong year which saw a 132% increase in sales in 2020 in comparison to previous years.
Angel investors in this Series C round include Brian Walker, former CEO of furniture giant Herman Miller, who had been advising Tylko prior to his investment, and Mark Williamson, COO of renowned US-based online classes platform MasterClass.
As part of this investment, Rami Kalish from Pitango Ventures, Mikko Kuitunen from Evli Growth Partners and Brian Walker will join the company’s Supervisory Board.
Tylko will use the Series C capital to find the next generation of creators and talent who will help to drive the company’s mission and vision to make new products.
Mikko Kuitunen, Growth Partner at Evli Growth Partners, Founder and CEO of Vincit, said: “We are impressed by Tylko’s exceptional growth and ability to scale the company as a market leader, offering new, customized solutions within the furniture market. Tylko’s strong impact-driven vision and made-to-order business model drives the market’s transition towards more sustainable solutions. By optimizing material use, production efficiency and offering customers unique, long-lasting design we believe Tylko is positioned at the forefront of such a transition.”