Furniturebox, the fast-growing UK-based online furniture retailer, has secured £1 million in new funding from Barclays to support continued innovation, product development, and international growth.
The funding comes in the form of a Barclays Trade Loan, designed to help the company strengthen its supply chain, invest in product innovation, and create new jobs as it scales operations at its new 88,000 sq. ft. headquarters and warehouse in Chippenham.
From teenage start-up to £25m revenue success story
Founded in 2015 by best friends Dan Beckles and Monty George, then aged just 17, Furniturebox has grown from a small start-up into a thriving e-commerce business with more than 80 employees and over £25 million in annual revenue in 2024.
The company launched in the US market in late 2023 and continues to expand its product range and logistics capabilities, combining affordability with design-led, next-day delivery furniture.
“Our products are the heartbeat of our business and the driver of our growth,” said Dan Beckles, co-founder of Furniturebox. “With Barclays’ support, we can invest in bold new designs, strengthen our supply chain and deliver on our promise of affordable, on-trend furniture delivered next day.”
Martin Crook, Relationship Director at Barclays UK Corporate Bank, praised the business for its contribution to regional employment and the wider UK economy.
“As a successful UK-founded and operated business, companies like Furniturebox serve as job creators and wealth generators for the local economies in which they operate,” he said. “Innovative and forward-thinking, it’s teams like these that underpin the growth of the UK economy.”
Crook added that Barclays is “proud to be supporting Furniturebox in what promises to be a fruitful and exciting next chapter” as the company continues to expand across domestic and international markets.
Furniturebox said the new funding will be used to diversify its global supply chain, reducing exposure to tariffs and international disruption, while supporting continued product innovation to stay ahead of evolving consumer trends.
The company plans further recruitment at its Chippenham site as part of its long-term commitment to growth, operational resilience and customer satisfaction.
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Furniturebox secures £1m Barclays backing to fuel innovation and international growth