Before long, he was talking with his Dartmouth classmate turned product and industrial designer Christian Talmage about forming their own company, and thus was born Oliver Space, which provides a lot of what that Singaporean landlord delivered to Park: it furnishes places for busy professionals, making moving into a new home as easy as hanging up their clothes.
Now, Oliver Space just has to grow as quickly, or more so, than two other furniture-as-service startups to recently attract funding.
Fernish, a two-year-old, LA-based startup that helps people rent from brands like Crate & Barrel, Floyd and Campaign, attracted $30 million in funding earlier this year led by Real Estate Technology Ventures, with participation from Intuit’s founder Scott Cook and Amazon’s head of global consumer, Jeff Wilke.
Feather, a two-year-old, New York-based furniture rental startup that similarly works with known brands like West Elm and Pottery Barn, meanwhile closed a $12 million round a few months ago led by Spark Capital (it has raised $16 million altogether).
For one thing, while Oliver Space uses traditional retailers for some of the items it’s renting, it is also making Oliver Space-branded furnishings — from sectionals to dining tables to beds — with the help of “dozens” of manufacturers in China and elsewhere, says Park.
Park also stresses design, saying that Oliver Space wants to replace that friend with the great taste to whom a college graduate or busy young professional might otherwise turn for help.
As for what happens when that furniture isn’t brand-new, Park says Oliver Space has plans to inspect, clean and repair pieces as needed.