Furniture Rental Service Feather Raises $30M in Series B Funding

On Wednesday, furniture rental service Feather announced it raised $30 million in a Series B funding round led by Cobalt Capital. This comes less than a year after the company’s $12 million Series A and brings its total equity funding to $46 million. High-quality furniture costs a lot of money, and its value goes down dramatically once it is used. And for people who move around a lot, buying nice furniture can be too much of a financial commitment.