MYCS
Furniture brand that makes customization the new normal.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
* | €10.0m | Series B | |
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 20 % | 51 % | 78 % | 63 % | (24 %) | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (38 %) | (31 %) | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (130 %) | (72 %) | (41 %) | (36 %) | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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In May 2014, MYCS was founded in Berlin by a team of visionary entrepreneurs: Christoph Jung, Kachun To, Claudio Bredfeldt, and Kai Sap. Their mission was to transform the furniture industry by making customization the new standard. MYCS offered customers the ability to design their own furniture, providing a unique blend of personalization and quality.
The company quickly gained traction, appealing to a market eager for bespoke furniture solutions. By leveraging technology, MYCS enabled customers to visualize their designs in real-time, setting them apart from traditional furniture retailers.
A significant milestone in MYCS's journey came in June 2018, when the company secured $11.3 million in a funding round. This investment was led by prominent investors including Global Founders Capital and Beringea. The funding allowed MYCS to expand its operations and enhance its technological capabilities, further solidifying its position in the market.
MYCS's innovative approach and commitment to quality have made it a standout player in the furniture industry. The company's journey reflects a broader trend towards customization and personalization in consumer products, highlighting the growing demand for products that cater to individual tastes and preferences.