Kaiyo gets $36M Series B for its second-hand furniture marketplace

Kaiyo gets $36M Series B for its second-hand furniture marketplace

4 years ago
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https://techcrunch.com/2022/03/29/kaiyo-raises-36m-series-b-for-its-second-hand-furniture-marketplace/

Furniture is one of the largest waste categories in the U.S., generating more than twelve million tons of waste in landfills every year, according to 2018 data by the Environmental Protection Agency. Kaiyo, an online marketplace for second-hand furniture, says it has helped the impact by keeping nearly three million pounds out of landfills since its launch in 2015. 

Kaiyo founder and CEO Alpay Koralturk said in an interview with TechCrunch that he was familiar with the hassle of buying and selling furniture after moving five times in five years in NYC. He and his wife, who are passionate about sustainability, tried buying second-hand to furnish the apartment when they moved into a new apartment in 2014. Koralturk said it was such a frustrating experience that he thought there needed to be an easier way – something convenient for the customer but ultimately better for the planet.