Verdane invests $5m in Hem

The new funding from the Nordic GP will be used for building the company's inventory, expanding the US and European teams, and reaching new customer market segments. In addition, the capital will allow the team to achieve shorter lead times and service offerings for customers.

Verdane deployed capital from its Verdane IX fund. Following the investment, Verdane partner Staffan Mörndal will join founder Petrus Palmér, COO Isac Epstein, and chairman Mattias Miksche on the board of directors.

Company
Founded in 2014 and headquartered in Stockholm, Hem works with designers in order to manufacture and sell a portfolio of furniture pieces, ranging from tables, sofas and carpets to lighting fixtures and accessories. Hem started out with an online-first approach, which then evolved into physical installations, exhibitions and pop-ups, most recently in the US. It offers around 400 products in 34 countries.

People
Verdane Capital – Staffan Mörndal (partner).
Hem – Isac Epstein (COO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Nordics
• Consumer
• Sweden
• Verdane Capital Partners