Uhuru Design, a Brooklyn-based design furniture designer and manufacturer, received a $6.9m investment.
The company intends to use the funds to support its national business-to-business and dealer network and expand its direct-to-consumer business.
The raise includes a cash investment as well as an expanded credit facility and access to additional resources to support organizational growth and go-to-market strategies. Terms of the deal were not disclosed.
Founded in 2004 and led by Leo Lucisano, CEO, and Jason Horvath, co-founder, chief creative officer and president, Uhuru is a a full-service interior design firm with projects in the commercial, residential and hospitality sectors—including Nike, Shake Shack, NBC and Vice Media.
Today, the firm has design pieces in the Smithsonian American Art Museum and in the Brooklyn Museum’s permanent collection and has won numerous awards for its functional high design products.
FinSMEs
02/11/2020