Cocoli, a Berlin, Germany-based sustainable furniture marketplace, raised €3m in seed funding.
Backers included Adevinta Ventures, Ship2B Ventures and IBB Ventures, and business angels Justus Janauskas (Co-Founder, Vinted), Fanny Moizant (Co-Founder, Vestiaire Collective) and Helen Zeitoun (CEO & Founder, IPSOS, GfK).
The company intends to use the funds to expand operations and its business reach.
Founded in late 2021 by Gemma Comabella, Frank Stehle, Greta Schindler and Stefano Uliari, Cocoli provides an online platform for buying and selling used quality design furniture. The company has built a full-service solution for private sellers, furniture retailers and brands to market and ship their imperfect furniture supply that includes second-hand items, b-stock and returns. It has expanded its range of products to more than 350,000 – and counting. In 2022, Cocoli partnered with internationally popular interior brands, including Sofacompany, MYCS and Blomus.
In the coming months, the team will focus on optimising unit economics, measuring and improving the climate footprint of its activities, automating back-end technologies and advancing on its long-term goals in the fast-growing segment of the circular economy.
FinSMEs
31/05/2023