Pabio raises $1M pre-seed and joins Y Combinator
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We're excited to share that Pabio has raised a pre-seed round of $1 million from top investors including Swiss Startup Group and Session.VC, and has joined the S21 cohort of Y Combinator, Silicon Valley-based program for top startups.
Pabio is one of the first companies founded in Switzerland to receive an investment from Y Combinator, which has a portfolio of companies like Airbnb, Dropbox, and Coinbase. We'd like to say a big thanks to our YC partners Michael Seibel (co-founder of Twitch and Socialcam), Tim Brady (former Chief Product Officer at Yahoo!), Calvin French-Owen (co-founder of Segment), Diana Hu (co-founder of Escher Reality, acquired by Niantic), for supporting us.
Our early investors Swiss Startup Group and Session.VC, and several angels have been with us on this exciting journey from the beginning, so we'd like to say a big thanks to them for believing in us. Our mission is to democratize beautiful living and we're very excited about what lays ahead.
We still remember we asked our friends why they live in apartments with awful interior, they gave us two reasons: first, interior design seems elitist and expensive; and second, buying a full apartment interior is (a) too expensive, and (b) doesn't make sense if you rent an apartment and don't know how long you're going to stay in it. Back then, we figured that if we combine both things—interior design and furniture rental—we can create an affordable package for tenants that's still very high-quality. With our pre-seed funding, we will continue to scale operations and will be participating in the YC Demo Day in the next few weeks.