Smashing Funding Expectations
Krill Design set out to raise roughly $3,500 for its sustainable home decor, but the startup company has already greatly surpassed this goal. Crowdfunding investors quickly funded the project for the home decor business in just two hours after launching on the platform. So far, the sustainable startup has generated over 500% of its initial funding goal with about three weeks left in the campaign.
“We have been developing biomaterials for almost three years,” said Ivan Calimani, founder and CEO of the home decor business. “Helping corporates be sustainable and crafting eco-design products for them. We want to make this change beautiful and meaningful.”
Funding pulled from crowdfunding investors will help the startup company purchase the equipment necessary to produce its sustainable table lamp, refine its biomaterial, and begin the production process. Krill Design expects its unique table lamp to retail for about $118, though early investors have an opportunity to secure their citrus lighting at a discounted rate. The business expects to begin delivering its sustainable product to backers beginning in November.
The Orange Lamp
Calimani founded the home decor company alongside Yack H. Di Maio and Martina Lamperti with a mission to create products using circular design and sustainable materials.
The Milan-based startup business sources its raw material from oranges produced in southern Italy. Peels are then dried, powdered, and compounded in a biomaterial used by 3D printers. Using a single piece of heated filament, the startup company uses a printing process that replicates the texture of an orange peel and creates a patterned surface on its eco-product. The resulting lamp built by the business sports a lightweight, single-piece body that is fully compostable with a dimmable light function.
“Design means solving problems,” Di Maio said. “When you add design with technology such as 3D printing and sustainable materials, you add complexity but also open a world of possibilities.”
In the future, Krill Design hopes to produce a diverse range of citrus furniture, including coffee tables, stools, and other home decor.
Disrupting the Home Decor Industry
Krill Design aims to bring sustainability to the furniture industry through the use of sustainable materials and circular economy products. According to market research firm Grand View Research, sustainable home decor is on the rise. The global eco-friendly furniture market is expected to reach almost $60 billion by 2027 at a CAGR of 6.8%.
Though making furniture from citrus waste is certainly unique, Krill Design is not alone in the growing eco-friendly decor industry. A number of competitors, including VivaTerra and Sabai Design occupy the space with products made with reclaimed or recycled materials.
About the Author
James White is a Michigan State University graduate with a BS in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.