
HTGF et al. back 99chairs
High-Tech Gründerfonds (HTGF) has injected around €500,000 of seed funding into interior design start-up 99chairs.
Astutia Ventures and several business angels also took part in the round, which was worth less than €1m overall. The fresh capital will be used to develop new software for both professional interior designers and consumers.
Company
Founded in May 2014, Berlin-based 99chairs provides consumers with free online interior design options. Furniture can then be ordered via the website and delivered to the customer.
The company works with furniture companies including Minimum Einrichten and Gärtner Internationale Möbel, as well as online players such as HTGF-backed online art gallery Junique. The company has a portfolio of 400,000 products available via its partnerships.
People
Julian Riedelsheimer and Frank Stegert are co-founders of 99chairs. Chiara Sommer is investment manager at High-Tech Gründerfonds.
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