
PlayWood
DIY furniture creation with PlayWood connectors, a super strong, hi-tech reinforced plastic that can be recycled and reconfigured, allowing for many doable combinations and easy assembly.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
N/A | N/A | Late VC | |
Total Funding | 000k |
EUR | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | - | (13 %) | (3 %) | 12 % | 372 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
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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PlayWood, an Italian enterprise headquartered in Olgiate Molgora, operates within the ready-to-assemble (RTA) furniture market, targeting both individual consumers (B2C) and business clients. The company was conceptualized in a garage in Reggio Emilia in 2013 and officially founded in 2014 by Stefano Guerrieri, Mirco Bonilauri, and Carlotta Nizzoli. The founders, drawing from their experiences living abroad, recognized a growing need for adaptable and temporary furnishing solutions for modern, mobile lifestyles. CEO Stefano Guerrieri, who has a background in economics and a career in web design and online communication for major brands, transitioned his focus from digital to tangible products, driven by a desire to create something concrete.
The core of PlayWood's business is its patented assembly system, designed as a simple, reusable alternative to traditional furniture construction that often relies on screws and glues that damage materials. The system utilizes clamp-like connectors made from a high-tech, fiber-reinforced plastic that allows users to join wooden panels without drilling. This approach enables customers to assemble, disassemble, and reconfigure furniture infinitely, promoting a circular economy and reducing waste. The connectors are engineered to be durable, suitable for both indoor and outdoor use, and can accommodate panels of varying thickness (15-19 mm). The business model is heavily oriented towards e-commerce, with a significant portion of sales generated through its website and platforms like Amazon. PlayWood has a strong international footprint, serving customers in over 32 countries and deriving a majority of its revenue from outside Italy. The company also establishes partnerships with large distribution groups such as Leroy-Merlin and Bauhaus. Clients can purchase the connectors alone to use with their own panels or buy complete kits with pre-cut boards for specific designs like desks, shelves, and beds. The company emphasizes sustainability by using wood from certified forests and encouraging the use of local materials to reduce environmental impact.
Since its inception, PlayWood has progressed through several funding stages, including an accelerator round in 2016, a seed round in 2017, and subsequent venture capital and equity crowdfunding rounds. Key investors include Primomiglio Sgr, LVenture Group, and Angel Partner Group, supporting the company's scale-up phase. The company's growth was notably accelerated during the 2020 pandemic, which saw a surge in online orders as people adapted their homes for remote work, prompting PlayWood to launch a new product line for smart working. This adaptability highlights the firm's capacity to respond to evolving market demands by offering practical and flexible furnishing solutions.
Keywords: modular furniture, ready-to-assemble furniture, sustainable design, circular economy, furniture connectors, DIY furniture, Italian design, e-commerce furniture, customizable furniture, wood processing, temporary structures, workspace solutions, home office furniture, eco-friendly materials, reusable furniture, startup, flat-pack furniture, assembly system, furniture hardware, interior design solutions, commercial furnishing, pop-up shop design