Announcing Our Series B Funding!

2017 has been quite an incredible year for our growing team at Modsy! Since we launched in September 2016, we’ve more than doubled in size, created breakthrough patent pending technology, launched amazing partnerships and retail integrations, worked with thousands of customers and continued to take a technology first approach to this rapidly changing industry.

That’s not all, today we’ve reached another huge milestone and we are thrilled to announce that we have raised a $23 million Series B!! This new round of funding was led by Advance Venture Partners (AVP), and included participation from NBCUniversal Cable Entertainment, Comcast Ventures and existing investors including Norwest Venture Partners, Birchmere Ventures, Ame Cloud Ventures, BBG Ventures, and GV.

From the very beginning, Modsy has been leading the charge to transform home design through the use of powerful 3D graphics and visualization technology. We’re obsessed with eliminating the frustration that comes with guessing how furniture and decor will look inside a home and we’re on a mission empower everyone to transform the spaces they inhabit into spaces they truly love.

We’ve been fortunate that the transformative consumer experience we’ve been providing to our customers has also struck a chord with incredible brand partners. This year alone we had the fantastic experience of partnering up with Bravo Media’s home makeover TV series Cyrus vs. Cyrus to provide on-screen 3D visualizations of design concepts as part of our ongoing media partnership with NBCUniversal Cable Entertainment. We also launched initial retail pilots, integrating into the design services for notable retailers such as Crate and Barrel and West Elm.

With this new round of funding we’re ready to accelerate the impact we’re having on the market - from delivering new product features to deepening our integrations and partnerships with media and retail brands - this next phase for Modsy will be game changing.

And most of all, we want to thank our customers. You have made every step of the Modsy journey worthwhile and you are the reason we wake up every day excited to come to work! We  wouldn’t be where we are today without you. You have inspired us with your beautiful spaces, helped us innovate with your ideas and feedback, and you have helped us realize that this is absolutely just the beginning of the Modsy story!

Today we want to share our tremendous gratitude and thanks to every person that has made this milestone possible and we could not be more excited to launch into this next chapter!!!