Friday, 30 October, 2020
BROOKLYN, N.Y., Oct. 30, 2020 /PRNewswire/ — Uhuru Design, a Brooklyn-based New American Design furniture designer and manufacturer, today announced the closing of $6.9 million in private capital to support its national business-to-business and dealer network and significantly expand its fast-growing direct-to-consumer business. The raise includes a significant 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.
Uhuru has been focused on multi-disciplinary, sustainable design since its founding in 2004 as a high-end custom furniture company. Over the past 10 years, the company has advanced its reputation as a full-service interior design firm with high-profile projects in the commercial, residential and hospitality sectors—including Nike, Shake Shack, NBC and Vice Media.