24 July 2024, 16:23
By Furniture News Jun 14, 2024

Channel 4 invests £3m in Vinterior

Channel 4’s consumer investment arm, Channel 4 Ventures, has secured a £3m investment into secondhand furniture marketplace Vinterior.

The media for equity deal will enable the pre-owned home marketplace to tap into audiences for Channel 4 shows featuring home improvement, such as Grand Designs.

The deal also enhances Channel 4 Ventures’ portfolio of home and furniture business investments, which have previously included Purple Bricks, Swyft, MyBespokeRoom, Coat Paints, Rated People and Get Agent.

This deal supports Channel 4’s wider goal of diversifying its revenue streams as it transitions to becoming a digital-first public service streamer.

Vinay Solanki, head of Channel 4 Ventures, says: “We’re leading the way in showcasing the potential of media-for-equity for brands, and we’re proud to now invest in a business which is a leader in its field. Viewers tune into Channel 4 for plenty of shows where furniture is a key focus – our audience appreciate pre-owned home items more than most. This deal is another example of how we can deliver commercial impact for businesses that team up with us.”

Sandrine Zhang Ferron, Vinterior's founder and CEO, adds: “We've had great success from above-the-line advertising in London over the last year and I can't wait to take Vinterior to TV in the autumn. It will allow us to increase our awareness and position Vinterior as the destination for buying and selling pre-loved, quality furniture to people beyond our current London focus.”

This funding round brings the total funds raised by Vinterior to £15m. Other investors include Active Partners and Venrex.


RELATED CONTENT


Alt text here
Jan 02, 2024 News

Furniture resale market set to surge, says GlobalData

Aided by growing financial and environmental concerns among consumers, the UK furniture resale market is forecast to grow by +40.8% between…

© 2013 - 2024 Gearing Media Group Ltd. All Rights Reserved.