Palermo House
Palermo House, with a valuation of $7.04 million, is raising funds on StartEngine. It is a vertically integrated furniture brand based in Los Angeles, California. Palermo House makes comfortable, functional, and luxurious lounge chairs using high-quality materials and in-house manufacturing and invests heavily in the supply chain to ensure timely delivery within days of placing an order. The business has $2.9 million in trailing twelve-months sales and 195% year-over-year growth and is focused on high levels of customer experience. Marco Ferro, Emilio Ferro, and Mariana Fuks founded Palermo House in 2020. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, marketing, and working capital.
Investment Overview
Raised: $2,356
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 11/13/2024
- Close Date
- 02/10/2025
$124,000
$1,235,000
$500
Equity - Common
Pre-Seed
RegCF
$0.88
$7,040,000
Company & Team
Company
- Year Founded
- 2024
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +221% YoY
- $2,933,760
- Monthly Burn
- Profitable
- Cash on Hand
- $575,190
- Gross Margin
- 78%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/10/2025 | StartEngine | $7,040,000 | $2,356 | Equity - Common | Active | RegCF |