Polish company Tylko gets €7.5M in financing from the European Investment Bank
Warsaw-based next-generation furniture company Tylko has received a €7.5 million financing from the European Investment Bank (EIB), My Company Polska reports. It will enable further work on innovative software for furniture design and visualization.
- Tylko is a next-generation furniture company, improving homes through premium, customised storage furniture. Specialising in high-quality personalised shelving, buyers can customise their furniture down to the last detail with the help of the Tylko Augmented Reality App.
- The company was founded in 2015 by Founded in 2015 by Hanna Kokczyńska, Jacek Majewski, Mikołaj Molenda, and Benjamin Kuna. According to the company, Tylko has served almost 60,000 satisfied customers, selling over 70,000 perfect-fit shelves across the world to date.
“Long-term support from the EIB, the largest investor in Europe, is Tylko’s another milestone in its 9-year history, as well as an opportunity to build a global business that will be consistent with our values,”Mikołaj Molenda, co-founder at Tylko, commented.
- The EIB investment is supported by the European Commission’s InvestEU program as part of its support for future technologies.
- The funds will allow Tylko to accelerate the work on new technologies, as well as the introduce new products to our offer. The company also gained the opportunity to use EIB’s expertise and network of contacts.