Virtual home redesign startup Modsy secures $37 million extra funding

Virtual home redesign startup Modsy secures $37 million extra funding
Modsy CEO, Shanna Tellerman. Photo: TechCrunch, Wikimedia Commons

The exciting computer vision startup Modsy has secured a new boost in capital, bringing its total money raised to higher than $70 million.

It’s latest $37 million in Series C funding was led by TCV and gives Modsy the chance to build more of the furniture its service recommends to users. The Modsy service works by allowing users to take photos of their home and create a 3D model that can be used to preview trendy design alterations.

Depending on the level of technical finesse you desire, prices can range from $69 – $349. Modsy’s partnerships with noteworthy furniture brands like West Elm, Pottery Barn and Crate&Barrel gives users a healthy variety of options – with Modsy developing its own furniture line as well.

Modsy CEO Shanna Tellerman said that she founded the company “on the premise that in the future we would all be shopping from a personalised catalog-like experience within a virtual version of our real homes,” and that the extra funding would “bring us even closer to this reality.”