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Latham & Watkins Advises Kaiyo in US$36 Million Series B Financing
April 13, 2022
Firm advises the full-service market place for gently-used furniture in its funding round.
Kaiyo, a full-service marketplace for gently-used furniture committed to great design, exceptional customer care, and a more sustainable planet, has announced a US$36M Series B funding round comprised of equity and debt, led by Edison Partners. The investment will be used to further accelerate growth and market expansion, starting with California. This funding round comes amidst rapid growth for Kaiyo, who has experienced more than 100% consistent growth year over year due to growing interest in the circular economy and pandemic-induced supply chain issues.
Latham & Watkins LLP represents Kaiyo in its financing round with an emerging companies team led by New York partner Peyton Worley, with associates Eduard Grigoryan and Saem Kim.