Oliver Space aims to help people avoid the time and upfront costs of trips to retailers.

A startup that aims to help people quickly outfit new homes with rental furnishings has clinched $6.8 million in funding from investors, including Opendoor CEO Eric Wu and various Uber execs.

Oliver Space lets new homeowners and renters collaborate with an advisor to settle on the layout and design of interiors. They can rent the items they select on a monthly basis.

“The thought of picking out new furniture for each move that fit my apartment, coordinating the logistics of delivery and assembly around my busy schedule, and the high upfront costs didn’t make sense when I didn’t know where I would be in one year,” said Oliver Space founder Chan Park in a statement, explaining his rationale for launching the startup.

The startup delivers and puts together all selected items within a few days. Should a customer choose to keep the odd chair, coffee table or carpet, the customer can buy them at retail price, while deducting however much they’ve already paid to rent the stuff, TechCrunch reported.

The idea is to spare people the time, upfront costs and assembly work of trips to stores such as IKEA and Target.

TechCrunch notes that Oliver Space joins a growing number of venture capital-funded startups that are seeking to popularize furnishing rentals, including Fernish and Feather.

Park, the Oliver founder, has some pedigree. He is the former general manager of the Asian division of ride-hailing behemoth Uber. And he apparently was able to sell some colleagues on his project. A number of Uber executives contributed to the funding round.

The round was led by Mayfield Fund, with participation from Abstract Ventures.

Eric Wu, CEO of iBuyer Opendoor, also chipped in, adding to a real estate-related portfolio that includes Roofstock, a single-family rental marketplace, and Juvo, a data firm that helps lenders identify credit-worthy borrowers without robust financial identities.

Wu has previously said that one of his dreams would be to offer a shopping cart-like experience to buyers of Opendoor homes, under which they could order the installment of various items.

Email Teke Wiggin.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Prepare for this fall with top agents & brokers at Connect Now this Tuesday.GET YOUR TICKET×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription