Kaiyo is an online marketplace for secondhand furniture that launched in 2015 and aims to make great design accessible while reducing landfill waste. The company offers fast, free pickup for sellers, professional cleaning, high-resolution photography, storage and white-glove delivery to buyers at no cost to sellers. Sellers receive an instant offer after an appointment, allowing them to cash out immediately rather than wait for a sale, and Kaiyo uses a proprietary algorithm to identify likely-to-sell items and set pricing. Kaiyo says it has kept nearly three million pounds of furniture out of landfills and now has hundreds of thousands of registered customers and more than 160 employees. Over the past two years the company experienced more than 100% year-over-year revenue growth, though the company did not disclose revenue figures. Kaiyo plans to accelerate market expansion across the U.S., starting from California, to meet growing consumer demand for secondhand furniture. Kaiyo is an online marketplace for gently-used furniture that emphasizes design, customer care, and a more sustainable planet. It offers discounts on top brands to buyers and handles sellers' logistics, including moving, pickup, photography, cleaning, and delivery. The company currently serves customers in the New York metropolitan area (New York, New Jersey and Connecticut) and the Philadelphia metropolitan area. Kaiyo is led by Alpay Koralturk and is headquartered in New York City. The company plans to use new funding to continue domestic growth beginning with Washington D.C. and to create impactful relationships within the Northeast real estate market. Kaiyo recently raised capital to support these expansion and operational plans.

Total raised

$41M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2022