Furniture seller lands $15M funding round: VC Watch.

Floyd co-owner Kyle Hoff, 33, said the company will use the new funds to continue to expand its product line and supply chain. Floyd, a Detroit-based online furniture seller, has raised $15 million in a Series B round and is launching a new online marketplace that will allow consumers nationwide to purchase its gently used or imperfect pieces. Investors in the round include San Francisco-based Walden Venture Capital, Farmington Hills-based private equity firm Beringea, Monroe-based La-Z-Boy, New York venture capital firm 14W and JP Morgan. [Extracted from the article]
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