Parachute Home is a technology company.
Parachute Home has raised $39.8M across 4 funding rounds.
Parachute Home has raised $39.8M in total across 4 funding rounds.
Parachute Home has raised $39.8M in total across 4 funding rounds.
Parachute Home's investors include 100X.VC, Goat Capital, GravityX Capital, Monarch Collective, Mulana, Susa Ventures, Y Combinator, Accel, Acrew Capital, Aster Capital, Brand Foundry Ventures, Flybridge.
Parachute Home is a direct-to-consumer (DTC) lifestyle brand specializing in premium home essentials, not a technology company. It offers high-quality, responsibly sourced bedding, bath linens, rugs, tabletop items, decor, and furniture, using European materials like those from Portugal and Turkey for superior comfort.[1][2][3] Founded as an online-only brand, it serves wellness-focused consumers seeking affordable luxury through its website, select retail partnerships (e.g., Target, Nordstrom), and a reduced network of company-owned stores, solving the problem of finding fashionable, high-quality, trend-resistant home goods.[2][3][6] The company leverages data analytics from Shopify and NetSuite via tools like Fivetran for customer retention, sales forecasting, and growth, employing around 228-500 people with a tech stack including React, Node.js, and Python.[4][5]
Parachute has shown resilience, accelerating product launches during COVID-19 due to stable European supply chains, and uses customer data (e.g., 40% skip top sheets) to refine offerings like optional top sheets.[2][5] Recently backed by H.I.G. Capital, it pursues a multi-dimensional home lifestyle strategy while pulling back on physical stores to focus on DTC and wholesale.[1][6]
Parachute Home was founded in 2014 by Ariel Kaye in Los Angeles (Culver City headquarters), inspired by her frustration finding high-quality, fashionable, affordable bedding—no single brand met all criteria.[2][3][4] Kaye, aiming for a gender-neutral name evoking "billowing sheets," launched as an online-only DTC brand focused on impeccable bedding to build trust in the wellness category.[2] Early traction came from customer-first design, data-driven products, and organic growth, evolving into bath, rugs, tabletop, decor, and furniture.[1][2][7]
Pivotal moments include expanding to 26 U.S. stores, thriving during COVID-19 with supply chain advantages, and recent strategic shifts like store closures (nearly 75% of fleet) to refocus on DTC after furniture experiments underperformed.[2][6] H.I.G. Capital's involvement marks a new phase of professionalization.[1]
Parachute rides the DTC-to-omnichannel evolution in home goods, blending digital-native roots with selective physical/wholesale presence amid post-COVID retail reevaluation—closing stores follows peers like Casper, prioritizing efficient channels over expansive footprints.[6] Timing favors it: wellness boom, e-commerce data analytics (Fivetran/NetSuite for agility), and resilient European sourcing shielded it from disruptions, enabling growth in a $594+ tech-enabled home sector with AR/VR/3D tools emerging.[2][3][5]
Market forces like supply chain shifts and consumer demand for sustainable luxury boost it, while tech (e.g., Backbone.js, MySQL) powers personalization in a competitive field of D2C startups.[4] It influences the ecosystem by validating data-centralized operations for non-tech home brands, partnering with giants like Target to democratize premium goods.[3][5][6]
Parachute will likely double down on data-fueled DTC efficiency and wholesale expansions (e.g., more Target/Nordstrom collabs), shedding underperforming furniture/stores for leaner operations post-H.I.G. backing.[1][6] Trends like AI-driven personalization, sustainability mandates, and hybrid retail will shape it, potentially scaling to $1B valuation via advanced analytics for retention and global reach.[5] Its influence may grow as a blueprint for lifestyle brands blending tech ops with physical touchpoints, evolving from bedding disruptor to full-home essential leader—proving quality and data trump hype in maturing DTC.
Parachute Home has raised $39.8M across 4 funding rounds. Most recently, it raised $30.0M Series C in June 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2018 | $30.0M Series C | 100X.VC, Goat Capital, GravityX Capital, Monarch Collective, Mulana, Susa Ventures, Y Combinator | |
| May 1, 2016 | $5.0M Series A | Accel, Acrew Capital, Aster Capital, Brand Foundry Ventures, Flybridge, Forerunner Ventures, Goat Capital, Grace Beauty Capital, Harrison Metal, Lerer Hippeau, Nokia Growth Partners, Offline Ventures, Slow Ventures, Susa Ventures, The General Partnership, Vayner RSE, Y Combinator | |
| Jun 1, 2015 | $4.0M Seed | 100X.VC, Atlantic Labs, Balderton Capital, Cherry Ventures, FJ Labs, Gotham Gal Ventures, GravityX Capital, Kearny Jackson, Monarch Collective, Mosaic Ventures, Mulana, Nokia Growth Partners, Kazuma Ieiri, Alexander Ljung, Andreas Ehn, Brigitte Mohn, Eric Quidenus-Wahlforss | |
| Mar 1, 2014 | $800K Seed | 100X.VC, GravityX Capital, Monarch Collective, Mulana, Pitbull Ventures |