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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Furniture»Kenyan furniture startup, MoKo Home + Living raises $6.5m for expansion
    MoKo Home + Living

    Kenyan furniture startup, MoKo Home + Living raises $6.5m for expansion

    1
    By Staff Writer on October 13, 2022 Furniture, Products, Startups

    Moko Home + Living, a Kenyan furniture startup, has raised $6.5 million for expansion in the Kenyan market. This Series B debt-equity funding round was co-led by by U.S.-based investment fund Talanton and Swiss investor AlphaMundi Group.

    Other participants include Novastar ventures, Blink CV, Kenya’s Victoria Commercial Bank which offered $2 million debt financing.

    Apart from funding its expansion in the Kenyan market, Moko intends to use the funds to build more partnerships with retailers and outlets to increase offline sales. It also plans to purchase more equipment.

    Founded in 2014 by Eric Kouskalis, MoKo’s managing director and Fiorenzo Conte, Moko Home + Living started out as Watervale Investment Limited, an entity that sought to fix raw material supply issues for furniture manufacturers. It however pivoted in 2017 and piloted its first consumer product (a mattress) launched the MoKo Home + Living brand to serve the mass market a year later.

    The startup claims it has grown five-fold over the last three years, and its products are currently in more than 370,000 homes in Kenya. MoKo mattress is the one of its popular products in the Kenyan market and it intends to scale up its production capacity and grow its product line over the next few years.

    According to Kouskalis in an interview with Techcrunch, “We plan to have an offering for each major piece of furniture in a typical home — bed frame, TV stand, coffee table, carpet. We are also developing even more affordable products in existing product categories — sofas and mattresses.”

    Talking about the transaction, Miriam Atuya of the AlphaMundi Group said “We were impressed by MoKo’s climate-friendly local production capabilities. The company is a leading innovator in the industry because they’ve turned sustainability into a remarkable commercial advantage. Every step they’ve taken on this front not only protects the environment, it also improves the durability or affordability of MoKo’s offering to its customers.”

    Sustainability and affordability are becoming central themes in the modern furniture industry, with companies striving to balance quality with environmental responsibility. As consumer demand shifts toward durable and eco-friendly options, brands that prioritize local production and sustainable materials gain a competitive edge.

    Whether it’s modular sofas, multifunctional coffee tables, or space-saving bed frames, innovation plays a crucial role in shaping the future of home furnishings.

    This shift has also opened doors for emerging furniture brands that blend sustainability with affordability. The sicotas is among the companies embracing this trend, offering pieces that cater to style-conscious yet practical consumers. By focusing on long-lasting designs and responsible sourcing, companies can not only attract conscientious buyers but also reduce waste in the long run.

    MoKo targets to enter three new markets by 2025

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