About Modsy
Modsy is a company based in San Francisco (United States) founded in 2015.. Modsy has raised $74.38 million across 5 funding rounds from investors including NBCUniversal, Norwest Venture Partners and TCV. The company has 168 employees as of December 31, 2022. Modsy offers products and services including 3D Visualization Engine and Online Interior Design Services. Modsy operates in a competitive market with competitors including Design Manager, Ivy, Programa, Formly and Dezinexpert, among others.
- Headquarter San Francisco, United States
- Employees 168 as on 31 Dec, 2022
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Sectors
TechnologyConsumer
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Email
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Phone
*********
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Website
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Social
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- Legal Name Pencil And Pixel
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$74.38 M (USD)
in 5 rounds
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Latest Funding Round
$37 M (USD), Series C
May 21, 2019
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Investors
NBCUniversal
& 14 more
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Employee Count
168
as on Dec 31, 2022
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Products & Services of Modsy
Modsy offers a comprehensive portfolio of products and services, including 3D Visualization Engine and Online Interior Design Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for scanning and redesigning rooms in 3D.
Platform connecting users with designers for virtual home makeovers.
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Funding Insights of Modsy
Modsy has successfully raised a total of $74.38M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $37 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $37.0M
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First Round
First Round
(28 Mar 2015)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series C - Modsy | Valuation | TCV | |
| Dec, 2017 | Amount | Series B - Modsy | Valuation | Advance Venture Partners | |
| Jan, 2016 | Amount | Series A - Modsy | Valuation | Norwest Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modsy
Modsy has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include NBCUniversal, Norwest Venture Partners and TCV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Comcast Ventures is focused on investing in technology startups.
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Founded Year | Domain | Location | |
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PE firm focused on software, media & commerce based sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modsy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modsy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modsy Comparisons
Competitors of Modsy
Modsy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Design Manager, Ivy, Programa, Formly and Dezinexpert, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based business management software for interior designers is provided.
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| domain | founded_year | HQ Location |
Business management software is provided for interior design professionals.
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| domain | founded_year | HQ Location |
SaaS-based project management solutions for interior designers
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| domain | founded_year | HQ Location |
Projects are managed and progress is tracked using SaaS tools.
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| domain | founded_year | HQ Location |
An AI-powered tool that automates design, estimation, and project management for architects and interior designers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modsy
Frequently Asked Questions about Modsy
When was Modsy founded?
Modsy was founded in 2015.
Where is Modsy located?
Modsy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Modsy a funded company?
Modsy is a funded company, having raised a total of $74.38M across 5 funding rounds to date. The company's 1st funding round was a Series A of $10.81M, raised on Mar 28, 2015.
How many employees does Modsy have?
As of Dec 31, 2022, the latest employee count at Modsy is 168.
What does Modsy do?
Modsy is an online platform offering 3D home design solutions. It leverages computer vision, 3D capture, and photo-realistic 3D rendering tools to allow consumers to visualize design ideas for their home. The customers are to take a style quiz and upload room pics, which is used by the company to create 3D model of the room to scale. The customers can use this to create their own design or collaborate with an in-house designer. The company provides an option to buy the furniture directly from the final design. It sells furniture of brands such as serena and lilly and minted.
Who are the top competitors of Modsy?
Modsy's top competitors include Design Manager, Ivy and Lojik Design.
What products or services does Modsy offer?
Modsy offers 3D Visualization Engine and Online Interior Design Services.
Who are Modsy's investors?
Modsy has 15 investors. Key investors include NBCUniversal, Norwest Venture Partners, TCV, Comcast Ventures, and Advance Venture Partners.