Oliver Space

Oliver Space is a technology-enabled furniture company that has reimagined the home furnishing experience through a circular model. The company offers a curated selection of furniture pieces, available as new or refurbished items across four condition tiers - Brand New, Like New, Very Good, and Age-Worn. Customers can purchase items at varying price points based on the condition, receiving discounts of up to 20-50% on refurbished pieces.

Oliver Space's innovative model aims to address the broken cycle of furniture consumption by providing a seamless process from purchase to trade-in. Customers can schedule fast delivery within three days, with free assembly and placement included. When ready for a change, they can trade in their Oliver products for credit toward future orders, with the company handling free pickup, refurbishment, and resale.

Oliver Space's refurbishment process involves meticulously cleaning, repairing, and restoring returned items to meet stringent quality standards before listing them for resale. This circular approach helps extend the lifespan of furniture while minimizing waste. As of June 2022, the company had furnished over 10,000 homes across six cities - San Francisco, Los Angeles, Seattle, San Diego, Austin, and Dallas.

In August 2022, Oliver Space raised USD 36 million in funding to further scale its operations. The financing round was led by Union Grove Venture Partners, with participation from investors like Mayfield Fund and USVP. Despite economic challenges like inflation and supply chain disruptions impacting the furniture industry, Oliver Space's revenue grew nearly fivefold in the previous year, indicating strong demand for its sustainable and affordable solution.