Feather, a New York, NY – based next-generation furniture rental service, closed a $30M Series B funding.
The round – which brings total equity funding to $46M – was led by Cobalt Capital with participation from Spark Capital, Kleiner Perkins, Bain Capital Ventures, Y Combinator, SV Angel, PJC, Fuel Capital, and Wildcat Capital Management.
The company will use the capital to scale its proprietary reverse logistics infrastructure, expand into new markets, and acquire new talent.
Led by Jay Reno, Founder and CEO, Feather is a furniture rental service that allows people to find furniture, without the upfront cost and commitment of traditional retail. Customers can choose from 150+ pieces of expertly-curated furniture and get free delivery within a week. Members also have the option to swap or return any item, or choose to put all payments toward purchase and buyout their furniture.
Launched in 2017, Feather currently serves New York City, San Francisco, Los Angeles and Orange County.