Oliver Space

About Oliver Space

Oliver Space operates as a technology-driven furniture company aiming to create a circular economy for home furnishings. Founded in 2019 by Chan Park and Christian Talmage, the San Francisco-based startup emerged from Park's personal experience of moving over 25 times and the desire for a hassle-free furnishing process. Park, who previously served as the Head of Expansion and General Manager for Uber in Asia, recognized a need for flexibility beyond ownership, focusing on the design and selection process without the expense of an interior designer.

The company provides an end-to-end service that includes a design concierge, furniture rental, and rent-to-own options. Its business model centers on a monthly subscription fee, allowing customers to pay a fraction of the retail price upfront. All payments contribute toward ownership at zero interest, and customers have the flexibility to swap, return, or purchase the items. The service includes white-glove delivery, assembly, and disassembly for all orders. Oliver Space sources its curated furniture, ranging from classic to modern styles, directly from manufacturers, including factories that produce for well-known brands like West Elm and Article.

A core part of the company's offering is its personalized concierge service, where customers can collaborate with a support team on layout and design through mood boards and video calls. The platform features a "Room Builder" tool to help customers visualize furniture arrangements. In a move toward a fully circular model, Oliver Space introduced a trade-in program where customers can return used items for store credit. These items are then meticulously cleaned and repaired by technicians and made available for purchase at a 20-50% discount. This approach addresses the issue of furniture being a significant source of urban waste.

The company has seen significant growth, securing $6.8M in seed funding in 2019, a $13M Series A in 2021, and a $36M funding round in 2022. This capital has fueled its expansion from the San Francisco Bay Area to other major cities including Los Angeles, Seattle, San Diego, Austin, and Dallas. During the COVID-19 pandemic, the company experienced a 500% increase in monthly revenue as the shift to remote work spurred demand for home office furnishings.