The investment comes from Accel and Kima Ventures and will be used to further develop its curated platform for buying antique or used furniture from dealers and other users as well as build out its mobile version and hire more people for its team.
This second-hand furniture market is worth an estimated €5 billion in France, according to Selency, but it lacks a dedicated space online for consumers.
Selency previously raised an undisclosed seed round in early 2015 and now has more than 1,000 sellers on its platform, which launched last year. The startup was originally founded in 2014 by Charlotte Cadé and Maxime Brousse.
“I grew up going to flea markets with my mother, and at the heart of this business lies a true passion for home décor,” said Cadé. “As more and more consumers look to own unique items with history and personality, we’re thrilled to be given the opportunity to develop Selency further with this investment and give more people the chance to find unique, inspirational interiors.”
Accel believes that Selency has a long-term opportunity to be a major play in the home and living sector, according to Luciana Lixandru, investor at Accel, who will be joining the startup’s board.
Thierry Petit, CEO of fashion ecommerce firm Showroomprivé and an angel investor in Selency will also be joining the board.