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Danish company disruptive to global furniture industry receives funding

Back in 2009 two former classmates Lasse Krügermeier and Janus Jagd started Cylindo, a company that provides interior design software that allows users to see how furniture would look like in their own apartments. Today, 5 years later the company is on the top of success wave! It has recently received funding from American venture funds Voivoda Ventures, Commerce VC, the Danish TradeShift CCO Christian Hjort, and a number of international businesses, reports TrendsOnline.

While the investment amount was not disclosed, the money will allow Cylindo to increase its growth pace. Some of the money will be used to expand the development team in Copenhagen. Right now the company is looking for a number of talented developers there.

Cylindo that has been self-financed up until now has also invited three strong Danish entrepreneurs to the company’s advisory board. The most prominent name in the board is David Helgason, co-founder and CEO of Unity Technologies. Danish CCO in TradeShift, Christian Hjort, and the founder of social networking service Memo Lane, Eric Lagier, are also going to be on the advisory board.

Financial resources from the US and international angels that also have experience in the furniture industry combined with a great team give Cylindo capacity to change global furniture business. Company’s current customers include American furniture chains, Turnstone and Steelcase, as well as Danish furniture chain Bolia.

For a full story of Cylindo’s journey see a piece on TrendsOnline.

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This article is in collaboration with Øresund Startups, originally by Iryna Velykokhatko. Øresund Startups is a news site focusing on startups in Copenhagen and the other cities around the Øresund strait; Malmö, Helsingborg and Lund. It was initiated by Karsten Deppert and covers news about startups and events from the startup scene. You can follow them at @Oresundstartups.

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