Flipspaces raises $50 Mn in expanded Series C round

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Flipspaces, an interior design company, has raised $50 million in an expanded Series C round from CE-Invests (UAE), Panthera Growth Partners (Singapore), and SMBC Asia Rising Fund (Japan). 

The round also saw backing from existing investors such as Iron Pillar, Synergy Capital Partners, and Prashasta Seth. It also enabled an exit for early-stage investor Carpe Diem.

In May, the company raised a $35 million round led by Iron Pillar. The following month, it secured Rs 50 crore (about $5.5 million) from Asiana Fund.

The fresh proceeds will be used to…



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Flipspaces raises $50 Mn in expanded Series C round


Flipspaces, an interior design company, has raised $50 million in an expanded Series C round from CE-Invests (UAE), Panthera Growth Partners (Singapore), and SMBC Asia Rising Fund (Japan). 

The round also saw backing from existing investors such as Iron Pillar, Synergy Capital Partners, and Prashasta Seth. It also enabled an exit for early-stage investor Carpe Diem.

In May, the company raised a $35 million round led by Iron Pillar. The following month, it secured Rs 50 crore (about $5.5 million) from Asiana Fund.

The fresh proceeds will be used to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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