SANTA MONICA, CA: Spacejoy, a design-led e-commerce platform co-founded by Arnab Saharoy and Vinay Indresh, has raised a $4 million pre-series A round. Led by Accel Partners, the round also saw participation from TI Platform and TiE SoCal Angels, including angel investors & real estate/prop-tech founders such as Larry Braitman, Venkat Tadanki, SquareFoot CEO Jonathan Wasserstrum, Jeroen Bertrams & Landis founders Cyril & Tom.
Founded in 2019, focusing on the US market, Spacejoy has evolved into an e-commerce platform on a mission to change the way people furnish their homes. Powered by 3D Tech and AI, Spacejoy personalizes the entire shopping experience by simplifying how users discover products and visualize them in a room. Spacejoy’s design-led platform enables users to identify products by the source of inspiration and find curated products that work well together both aesthetically and functionally. The new financing will allow Spacejoy to continue to capitalize on a fast-growing market, support the development of its core platform and strengthen AI technology for product discovery.
“Our customers value discovering new products and furnishing their homes with personality,” said Arnab Saharoy, Founder and CEO, Spacejoy. “This new investment and partnership will allow us to scale the business and reach new customers in the US.”
“We are thrilled by the support of successful investors who see the potential of weaving art with technology,” said Vinay Indresh, co-founder, Spacejoy. “Shopping for home furnishings all in one place has never been easier, especially with Spacejoy’s integrated platform. we will continue to focus on providing our customers a seamless design-led shopping experience to furnish their homes.”
The global online furniture e-commerce opportunity is huge & has seen rapid acceleration recently. Spacejoy wants to disrupt this industry using its interactive technology that democratizes the home design process. Spacejoy enables consumers to visualize their home in real-time and allows them to shop relevant furniture directly from such designs,” said Subrata Mitra, Partner at Accel Partners.
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