Interior design and workspace solutions startup Flipspaces has secured an additional $15 million in its Series C round, expanding the total raised to $50 million. The new tranche saw participation from CE-Invests (UAE), Panthera Growth Partners (Singapore), and SMBC Asia Rising Fund (Japan).
The company had earlier raised $35 million in May from Iron Pillar, Prudent Investment Managers, and Synergy Capital. In the latest round, early investor Carpe Diem exited.
According to the company, the fresh capital will be directed toward scaling operations in India, the US, and the UAE. Funds will also support supply chain improvements and upgrades to its proprietary technology stack, including AI integration. Flipspaces is also considering acquisitions in adjacent categories.
Founded in 2015, Flipspaces has developed a technology-driven platform for commercial interior design. Its stack includes design management, VR walkthroughs, procurement, and turnkey project execution. The company states this model enhances cost transparency and efficiency in a sector often marked by fragmentation.
Flipspaces reports having executed more than 1,000 projects covering eight million square feet across multiple markets. Its clientele includes both large enterprises and small to mid-sized businesses.
Investor interest in real estate technology continues to grow. In April, home decor platform Livspace raised $50 million in an internal funding round led by its Singapore-based parent entity.
Among early-stage proptech investments this year, Hyderabad-based Landeed secured $5 million in January. Lighthouse PropTech raised $1 million in March, backed by Turbostart, while Accel-backed Spintly raised ₹3.5 crore from Spyre VC in January.
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By Proptechbuzz
By Ravi Kumar