on Wefunder

Online Vintage Furniture Auction

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Loveseat, an online marketplace for vintage furniture auction, is raising funds on WeFunder. The company has a valuation cap of $8 million and helps sellers to liquidate their used furniture quickly and efficiently. The Loveseat team takes professional pictures of the furniture, measures them, lists them online, and manages the bidding process. Loveseat collects fees from both the buyers and the sellers. Loveseat was founded by Chris Stanchak and Jenny Stanchak in 2015 and has already raised more than $2 million since its founding. The current crowdfunding round has a target of $50,000, and the proceeds will be used to scale up operations in San Diego and Los Angeles and to open up a new market in Orange County. Loveseat sells more than 500 pieces of furniture every day, with 61% of the bidders repeating monthly.