Interior design startup Flipspaces has raised another $15 million as part of its expanded Series C round, taking the total to $50 million. The latest tranche has brought in new investors such as UAE-headquartered CE-Invests, Singapore’s Panthera Growth Partners, and Japan’s SMBC Asia Rising Fund.
The previous tranche of $35 million was raised in May from investors such as Iron Pillar, Prudent Investment Managers and Synergy Capital. In the latest round, early-stage investor Carpe Diem exited the venture.
Scaling operations and tech upgrades
The company said the fresh capital will be used to scale operations in India, the US, and the UAE, improve its supply chain, and enhance its proprietary technology stack with AI integration. It will also consider strategic acquisitions in adjacent categories.
Founded in 2015, Flipspaces has a tech stack that includes design management, immersive VR walkthroughs, procurement, and turnkey execution for commercial properties. The company claims this model brings cost transparency and efficiency to a sector traditionally marked by fragmentation and delays.
It has executed over 1,000 projects spanning eight million sq ft across markets, with clients ranging from large enterprises to SMEs.
Growing investor interest in proptech
The latest funding underscores growing investor interest in tech solutions in real estate (proptech). Home decor startup Livspace raised $50 million in April this year, in internal funding from its Singapore-based parent entity.
Among early-stage deals, Hyderabad-based proptech startup Landeed raised $5 million in January, Lighthouse PropTech raised $1 million in a round led by Turbostart in March, while Accel-backed Spintly raised Rs 3.5 crore in a round led by Spyre VC in January.