Feather, a New York, NY – based furniture rental company, secured $30M in debt financing.
Credit Suisse provided the financing.
To date, Feather has raised $76M in equity and debt from investors such as Spark Capital, Cobalt Capital, Kleiner Perkins, Bain Capital Ventures, Y Combinator, SV Angel, PJC, Peak State Ventures, TriplePoint Capital, and others.
The company intends to use the funds to continue to expand operations and its business reach into new markets.
Launched in 2017 by Jay Reno, CEO, Feather is a furniture and home decor rental service that makes it possible for people to find furniture, without the upfront cost and commitment of traditional retail. Starting at $19/mo, customers can choose from 350+ pieces of expertly-curated furniture and home decor and get free delivery and assembly within a week. Feather currently serves New York City, San Francisco, Los Angeles and Orange County.