# Modsy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modsy

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.modsy.com
- Total disclosed funding: $68M
- Latest round: Series C (May 21, 2019)
- Investors on record: 5

## About

Modsy is a technology-driven company that provides virtual home design solutions, enabling users to visualize and customize their living spaces through 3D rendering and collaboration with interior designers.Founded in 2015 by Shanna Tellerman, Modsy operates from its headquarters in San Francisco, US. The company has received a total of USD 37.10 mn in funding, with the latest round being Series C, led by TCV on 30 August 2023. Modsy has successfully completed 6 funding deals to date, enhancing its capabilities in the home design sector.Modsy's core offering revolves around a 3D visualization engine designed to enhance consumers' home design experiences. The platform allows users to scan their living spaces in three dimensions and collaborate with online interior designers to virtually redesign their homes. Following its acquisition by Lennar in August 2023, Modsy's technology is positioned to expand into the homebuilding market, catering to new homebuyers seeking personalized design solutions.Modsy generates revenue primarily through subscription-based services, offering users access to enhanced design features and personalized consultations. Customers can select from various pricing plans, receiving 3D room models based on their input. The platform's design tools drive customer retention and loyalty, solidifying Modsy's presence in the interior design sector.In August 2023, Modsy was acquired by Lennar Corporation, which aims to enhance Modsy's platform capabilities. The acquisition is expected to support the development of new features and services tailored for the homebuilding market, expanding Modsy's reach into new customer segments. The funding from this acquisition will help facilitate these growth initiatives.

## Funding rounds

- Series C, May 21, 2019, $37M — TCV, Norwest Venture Partners, Comcast Ventures, Advance Venture Partners
- Series B, Dec 7, 2017, $23M — Norwest Venture Partners, Comcast Ventures, NBCUniversal Media, LLC, Advance Venture Partners
- Series A, Feb 2, 2016, $8M — Norwest Venture Partners

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series B, Series C
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series B, Series C
- NBCUniversal Media, LLC — Series B
- Advance Venture Partners (https://capitalatlas.ai/funds/advance-venture-partners) — Series B, Series C
- TCV (https://capitalatlas.ai/funds/tcv) — Series C