Fernish

Premium furniture rental with flexible options

Los Angeles, California, United States

About Fernish

Fernish offers premium furniture rentals designed for individuals seeking flexibility and convenience in furnishing their homes. The company targets urban professionals and young families who prefer not to commit to purchasing furniture outright. Customers can rent stylish furniture on a monthly subscription basis, starting at $75, which includes free delivery and assembly within a week. Once the furniture is delivered, clients can choose to keep, return, or swap their pieces, catering to a modern lifestyle that values adaptability. Fernish also provides a rent-to-own option for customers who decide to keep the furniture, creating an additional revenue stream. The company's focus on customer service, along with its flexible payment options and quick delivery, sets it apart from competitors in the furniture rental market.

Los Angeles, CaliforniaHeadquarters
2017Year Founded
$74.1MTotal Funding
LATE_VCCompany Stage
Consumer Software, Consumer GoodsIndustries
11-50Employees

Benefits

Top-tier health, dental, and vision plans (company covers 75% cost for employees and 65% cost for dependents).
Remote work options
Unlimited PTO plan, with encouragement for everyone to relax, refresh and recharge
12 weeks paid parental leave
Fun work environment and team culture
50% off any furniture and décor through Fernish, after all, that's what we do!

Risks

Vesta's acquisition may lead to strategic shifts alienating existing customers.
Integration into Vesta's portfolio might dilute Fernish's unique brand identity.
Focus on luxury could shift resources away from affordable, flexible solutions.

Differentiation

Fernish offers a rent-to-own program, allowing payments towards furniture purchase.
Customers can swap furniture anytime, enhancing flexibility and personalization.
Free delivery and assembly within a week adds significant convenience for customers.

Upsides

Furniture rental market projected to reach $139.05 billion by 2029.
Collaboration with Renovai enhances customer experience with AI-based interior design.
Acquisition by Vesta provides access to luxury furnishings and broader resources.

Funding

Total raised$74.11 M
Latest valuation$87.50 M
StageLATE_VC
LATE VC
9/30/2022
$18
$87.50 M
SERIES B
9/30/2021
$14
$68.45 M