[ad_1]
If you’ve renovated a home, you’ve gone through the ordeal of getting custom-made cabinets, a costly and lengthy process that can take up to half a year with tradesmen and designers. complete.
Now, California-based startup Ronbow wants to shorten delivery times and lower costs for custom cabinets with proprietary design and manufacturing software. The four-year-old company recently raised a $10.5 million Series A round led by Celtic House Asia Partners to add more showroom locations.
Other investors from the round include AME Cloud Ventures, started by Yahoo co-founder Jerry Yang, Harpers Investments; Heping Jin, founder of Telenav; Marvel founder Wayley Dye; and Ming Zeng, former chief strategy officer at Alibaba.
Ronbow CEO and Founder Jason Chen worked in home luxury for over two decades, mostly targeting B2B clients, before entering the startup world. Instead of taking the common route of being designed in Europe, made in Asia and shipped to the US, Ronbo is designing. And Making furniture in the US
“In 2019, everything is different, so we’ve changed our mind,” he told TechCrunch, citing increased supply chain uncertainty due to the US-China trade war. “On the US side, supply chain becomes a big issue when the United States is dealing with China. A completely customized product line with a long lead time is so expensive that we thought there was an opportunity for us.”
Ronbow offers what it calls an “end-to-end” solution that allows customers to connect directly with manufacturers, eliminating the middlemen involved in transferring design files to factories. Here’s how it works: The startup’s design platform helps customers identify the cabinet style and size they want. He then feeds that information into cutting machines equipped with Ronbow software, which guides the entire production process.
The benefits of data-driven manufacturing are clear. According to Chen, Ronbow can deliver products in three to six weeks, reducing turnaround time by 90 percent and cutting costs by 40 percent compared to traditional, manual manufacturing.
Ronbow is projecting more than $10 million in revenue this year and plans to open 10 showrooms. The majority of its user base of nearly 1,000 customers are located in California, ranging from middle-class homeowners, professionals such as real estate agents and designers, as well as commercial customers such as hotels and developers. It aims to operate 30 showrooms by 2024, expecting to see annual revenue of $50 million to $60 million.
[ad_2]
Source link
