Italian pre-loved home-design marketplace Deesup raises €1.4 million in order to fuel international expansion plans

Italian pre-loved home-design marketplace Deesup raises €1.4 million in order to fuel international expansion plans

Settling into a new home myself, I can attest first hand at the sheer volume of second-hand home furnishings available on any one of a number of ‘classifieds’ platforms. The problem with these services is, quite frankly, there’s a whole lotta crap to sift through. Add to that the nightmare of transporting, say a bed frame, from one side of London to the other, and quite often, the price simply isn’t worth it, when I could simply order from a retailer that happens to make some great meatballs as well, and have it delivered to my doorstep. The problem with this option is that I’m now contributing to the global problem of sustainability.

Milan-based startup Deesup is taking this issue head-on and providing a curated (read: junk free) marketplace for home furnishings that are listed by private and professional sellers. Once sold, the startup then takes care of the logistics, getting that new treasure to your doorstep. In so much, they’ve just raised €1.4 million in a Series A round, now bringing their total funding to approximately €3.9 million.

Deesup counts over 100 partners within its marketplace, and over the course of 2021 doubled sales figures from the year prior, with an average purchase north of €900.

The new financing will help Deesup to continue its further international expansion plans, as well as solidify its positions in Italy, Germany, France, and the Benelux region.

While the company offers a number of shipping options within continental Europe, presence in the UK is absent. Perhaps this might have something to do with similar offerings platform Vinterior who recently raised £8 million?

Deesup’s new funding was provided by a smorgasbord of investors including Alicrowd Fund, LVenture Group, the Club degli Investitori, Doorway, and LifeGate, among the others.

“Deesup has kept growing globally over the years, bringing high-end Italian design abroad, from where an ever-increasing percentage comes of the volumes generated by the startup,” commented LVenture Group’s Luigi Mastromonaco. “Their business model reflects our ESG oriented vision since it is based on the circular economy, which promotes the second life of design objects. This new round and the rapidly growing second-hand market trend will further accelerate the expansion of the startup internationally, also thanks to a very skilled team.”

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.