Modsy, a personal home design solution, reported the closing of $8M in Series A funding drove by Norwest Venture Partners with support from existing investors and prominent characters including Eoin Harrington (SVP, Restoration Hardware), Joanne Wilson (Gotham Gal Ventures) and Pascal Levensohn (Dolby Ventures).
"Modsy's mission is to vastly improve the way that consumers currently design and shop for the home," said Shanna Tellerman, CEO and founder of Modsy.
"This financing will help us accelerate the company's trajectory in several key ways. We will continue to recruit the most talented graphics engineers, 3D artists and designers from across the industry, we will ramp up our marketing efforts, and continue to scale as we head towards our public launch."
Different to other home design platforms that offer confounded format tools, underdeveloped interfaces or crowd-sourced services, Modsy's straightforward and simple to use platform permits users to experience suggested design ideas based on their preferences, all set inside of the setting of their own homes. In only a couple steps, users are made to catch photographs of their current rooms, share their desired concept, and submit. Modsy will then return excellent pictures of their space totally transformed, they come with convenient links enables the user to buy suggested furniture that match the redesigned room.
While buyers are presented to a fun and straightforward user experience at first glance, in the background, Modsy uses advanced technology to convey this customized plan experience. Powered by computer vision, 3D capture, and photorealistic 3D rendering tools used by today's most innovative film and gaming companies, Modsy is the only one of its kind. It is a technology-centric approach to home design that makes it easier and less costly for users to redesign their home spaces.
The market for home design has been warming up and Modsy's Series A showcases the huge effect the company's modern model is more likely to have e-commerce from home design and even more. The round supplements an extraordinary 2015 for Modsy, having assembled the company, group, product and a fast developing client base in under eight months. This venture conveys the company's total funding to date to $11.75M.
The product is presently in a private beta.
