Paris-based MyFab has just raised €5 million ($7 million) in a second round, coming from previous investor Alven Capital and led by BV Capital. The total amount invested in the company is now €7 million ($8.9 million). MyFab - which is currently available only in French and German - is an interesting e-commerce play in that its mission consists of cutting out all middlemen in the process of consumers buying furniture.
According to the company big furniture brands - particularly those wearing the ‘design’ hat - often outsource the whole manufacturing process of sofas, lamps, etc. to factories in foreign countries and charge ridiculous prices for the end-product compared to the total cost of production.
