TULU News
5 articles
growth-positive
TULU adds $5 million to Series A with investment from Leonardo DiCaprio-backed VC | CTech
Israeli startup TULU has raised an additional $5 million to top up its $25 million Series A funding round. The company has developed a platform that provides building tenants with on-demand access to appliances, groceries, micro-mobility solutions, and entertainment devices. TULU is rapidly expanding across real estate markets and has partnered with companies such as Bosch, Kärcher, Hoover, and Dremel. Since its launch in 2019, TULU has served over 70,000 people across multiple countries. The additional funds come from new strategic investors, including Regeneration.VC backed by Leonardo DiCaprio, and existing investors. TULU aims to reduce the cost of living and waste in big cities by providing on-demand rentals of high-quality home products and household items.
PartnersInvestment
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Tulu makes the sharing economy extremely local (to just your apartment building)
Tulu, a company that provides on-demand rentals of home products and household items, has closed a $20 million Series A funding round. The funding will allow Tulu to pursue new partnerships with landlords and brands and expand its services to 1,000 buildings in existing and additional markets. The company aims to make its rental platform a standard in the industry and has already served over 50,000 people across multiple countries. Tulus product selection includes items like vacuum cleaners, e-scooters, bikes, and VR headsets, which can be rented or bought through the Tulu app. The company is part of the sharing economy and is focused on shifting consumption paradigms from ownership to usage.
PartnersInvestment
growth-positive
TULU on a Mission to Change how you Consume
Israeli startup TULU aims to reshape the way urban dwellers use household products by making them available to rent on demand. TULU builds smart rooms filled with appliances, tools, and gadgets in apartment buildings, allowing tenants to access them through the TULU app. The company has experienced recent growth in New York and plans to set up new rooms. TULU operates in the B2B2C model, partnering with landlords and property managers to provide access to consumers. The company has raised $2 million from investors in Israel and the U.S. TULUs services have seen increased demand during the COVID-19 pandemic as people seek self-sufficiency and affordability. The company ensures cleanliness and sanitization of its products and has added purchasable staples to its rooms. TULU plans to continue expanding and changing the way people consume household products.
CustomersPartners
growth-positive
TULU Provides Renters With Access to Household Products
TULU is a company that provides household items on-demand through a rental agreement. They place storage rooms within apartment complexes or neighborhood buildings to make the necessary goods more accessible. The company was conceptualized to reduce consumption and waste, promoting a more sustainable lifestyle in cities. TULU rooms are most needed in large residential buildings with renters in dense neighborhoods. The most rented items include vacuum cleaners, electric scooters, printers, and projectors. TULU is experiencing growth and plans to launch more rooms in New York City.
Customers
growth-positive
A startup is taking inspiration from scooter companies Bird and Lime to rent blenders to space-strapped New York apartment dwellers
Israeli startup TULU partners with landlords to provide on-demand rentals via an app for various household items. The company has launched in a New York building and plans to expand to 40 buildings in New York by March. TULU aims to tap into the trend of people preferring on-demand rentals over outright purchases to save space. The startups first location in New York is in a rental building operated by the Moinian Group. TULU offers a wide range of household items for rent, and it is constantly changing its inventory based on demographic and usage data. The company also plans to add more partners and expand to other cities.
CustomersPartners
