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Finnish startup raises €2 million to expand its vacuum-packed furniture model internationally

Helsinki-based furniture company KHOY has raised €2 million in growth funding to accelerate its international expansion. The funding will support its existing European markets while facilitating entry into the US.

Nordic Startup News desk Based on reporting by ArcticStartup · Single-source report
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KHOY Company, a Finnish startup, has announced that it has raised €2 million in a funding round aimed at enhancing its international expansion efforts. Led by Virta Equity and joined by Innovestor and several angel investors, the funding will facilitate KHOY's growth in its established European markets, specifically Switzerland and the UK, as well as accelerate its entry into the US market.

KHOY specializes in a direct-to-consumer model for selling vacuum-packed sofa beds, which significantly reduces shipping costs. This innovative approach has already garnered rapid growth for the company, with projections indicating a year-on-year growth of 166%. The funds raised will also support further development of their product portfolio and brand operations.

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Finnish startup raises €2 million to expand its vacuum-packed furniture model internationally

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  1. Same event

    Helsinki-based KHOY raises €2 million to take its vacuum-packed sofa beds across Europe and the US

    The review connects these reports to the same identifiable event. The source excerpts show the basis for the connection.

    EU-Startups Finland
    Why linked? View evidence
    Finnish startup raises €2 million to expand its vacuum-packed furniture model internationallyRecorded source excerpt · original wording
    Helsinki-based furniture company KHOY Company has raised €2 million in growth funding to accelerate its international expansion, with the round led by Virta Equity and joined by Innovestor and several angel investors. KHOY has developed a direct-to-consumer model for selling sofa beds online, using vacuum-packing to compress its products into compact cardboard boxes and significantly reduce shipping costs compared wi
    ArcticStartup ↗
    Helsinki-based KHOY raises €2 million to take its vacuum-packed sofa beds across Europe and the USRecorded source excerpt · original wording
    KHOY Company , a Helsinki-based direct-to-consumer design and furniture company, has raised €2 million in growth funding. The round was led by Finnish private equity investor Virta Equity, with participation from Innovestor and several angel investors. “ KHOY has solved something the furniture industry has struggled with: how to sell and ship large, bulky products across borders without the cost eating the margin. We
    EU-Startups Finland ↗
    Finnish startup raises €2 million to expand its vacuum-packed furniture model internationallyRecorded source excerpt · original wording
    Helsinki-based furniture company KHOY Company has raised €2 million in growth funding to accelerate its international expansion, with the round led by Virta Equity and joined by Innovestor and several angel investors. KHOY has developed a direct-to-consumer model for selling sofa beds online, using vacuum-packing to...
    ArcticStartup ↗
    Helsinki-based KHOY raises €2 million to take its vacuum-packed sofa beds across Europe and the USRecorded source excerpt · original wording
    KHOY Company , a Helsinki-based direct-to-consumer design and furniture company, has raised €2 million in growth funding. The round was led by Finnish private equity investor Virta Equity, with participation from Innovestor and several angel investors. “ KHOY has solved something the furniture industry has struggled...
    EU-Startups Finland ↗
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