Hannun designs and sells handcrafted furniture and decoration produced in Europe using recycled and sustainably sourced wood and non‑toxic, recyclable materials across finishes and packaging. The company emphasizes responsible supply‑chain practices and fair agreements with European artisan suppliers and is the first Spanish furniture brand in the B Corp community. Hannun was founded in 2018 and has been listed on BME Growth (Ticker: HAN) since 2022. Recent corporate activity includes a non‑binding term sheet with Danish décor company We do wood and the acquisition of Artesta, a decorative-veneers specialist. Management says the company is pursuing organic and inorganic growth and aiming to reach profitability. The newly agreed financing is intended to fund working‑capital needs and support that growth plan. Hannun is a 100% online furniture and home‑decoration company focused on sustainability and local craftsmanship. The brand uses proprietary technology to connect artisans with customers to scale a sustainable, handmade model, according to CEO Joan Álvarez. With its know‑how the company has reached more than 30 countries. Hannun reported €3.5 million in revenue in 2020 and expected to grow to €6 million in 2021. The company plans to implement Carbon Neutral initiatives and other ecological actions and aims to become a European leader in artisanal furniture. Its five‑year revenue target is €40 million. Hannun is an online furniture and decoration company that sells sustainable, handcrafted products and uses proprietary technology to connect artisans with customers to scale a handmade model. The brand emphasizes sustainability and local craftsmanship while maintaining an updated design approach. It has expanded sales to more than 30 countries and was awarded best Rookie eCommerce at the eCommerce Awards. Hannun reported €5 million in revenue in 2020 and expects to reach €6 million the following year, with a five-year target of €40 million. The company plans initiatives such as implementing a Carbon Neutral program and other ecological actions to reinforce its sustainability positioning. Hannun manufactures handcrafted furniture using high-quality wood and positions itself as the first digital-native vertical brand (DNVB) in eco-friendly furniture and decoration. The startup applies technology to the furniture sector and was accelerated by Demium Startups. It has replicated its business model in France, Italy, the UK and Germany. International orders already represent an important part of its total revenue. The company is based in Tarrasa (Barcelona). Investor Aitor Sancho said he has seen the team create a recognized brand with "attractive revenue and metrics" and believes they can position themselves as leaders in the sector given the large online market.

Total raised

$5M

Funding rounds

4

Latest round

Convertible Note

Latest activity

Oct 2023