KHOY has raised €2 million in growth funding to expand the international distribution of its vacuum-packed sofa beds across Europe and the US. This funding is crucial for the direct-to-consumer furniture company as it seeks to grow its market presence.
The funding round was led by Virta Equity, with backing from Innovestor and angel investors. KHOY's innovative product allows for efficient shipping of bulky items, a significant growth factor in the furniture industry.
With this financial support, KHOY is poised to accelerate its international expansion strategy, which aims to cater to growing consumer demand for convenient online furniture solutions.