Hybrid Office Furniture Startup Branch Raises $10M in Series A

Office furniture startup Branch, which specializes in designs for remote and hybrid workers, raised $10 million in a Series A funding round to accelerate the development of new products for both home and corporate offices.

“Many of us spend more time interacting with office furniture than any other product except our mattress — and in our case, you’re awake,” Greg Hayes, co-founder and CEO of Branch, said in a press release Monday (April 11). “But most premium office furniture is expensive, especially for businesses purchasing through traditional dealers, and over the past two years of remote work, consumers have realized that ‘fast furniture’ doesn’t cut it.

“By combining the craftsmanship, ergonomics and service of contract furniture with the ease and value of fast furniture, Branch supports office workers whether they’re in the home office, on-premise with their team, or working hybrid across both environments.”

The funding was led by Springdale Ventures with participation from Maywic Select Investments, Group RMC, Agya Ventures, Ricky Joshi of Saatva Mattress, Ryan Simonetti of Convene and Jiake Liu of Outer, according to a company blog post. The fresh capital brings the startup’s total funding raised to date to $14 million. 

Last year, the startup quadrupled its revenue, reached more than 50,000 customers and maintained an industry-leading net promoter score (NPS), according to the release.

The new financing will go toward accelerating the development of new office products, optimizing its supply chain, launching digital experiences that complement its physical products and building out its workforce.

Headquartered in New York and launched in 2019 by Hayes, Sib Mahapatra and Verity Sylvester, the business is predicting it will bring in “high eight figures of revenue” and serve more than 200,000 customers this year.

The company said its top-rated ergonomic chair has sold out more than 10 times since the start of the pandemic and received acclaim and numerous accolades from reviewers and consumers.

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