Interior startup raised $ 15.4 M in Series B with Clippings, Advance Venture Partners –

In April, London 's B2B startup eporta raised $ 8 million in the Series A financing series led by US investor Canvas Ventures. Publish a catalog of digitized furniture makers, allow companies to order directly, eliminate intermediaries.

In London continuing to attach to the startup of home decoration, Clippings has raised funds of the B series and received news that raised 15.4 million dollars. Advance Venture Partners (AVP) made a round and an existing investor C4 venture also participated.

Founded in 2014 by entrepreneurs trained in construction, Adel Zakut and Tom Mallory clipping Currently it plans to expand in the United States.

Currently the furniture industry occupies 9.6 billion euros in Europe and about 120 billion dollars in the US, but only 6% of these expenses are online.

Clippings combines data from more than 7 million brands of over 1000 brands, simplifies discovery and identifies and purchases products in combination with an interactive mood map that replaces Pinterest. Thereafter, team collaboration tools, multiple quotation requests, orders, invoices, and schedules are grouped in one place.

Approximately 50,000 people including WeWork, Citroën, British Land's design team claim that they use clipping.

Adel Zakout, co-founder and CEO of Clippings, says: "We have developed a software package that allows for complete management of internal projects, by providing a layer of services and logistics, this does not solve the big problem of customers"

He also states that he is doing complete price control. "As the seller manages the price, we can take into account the total cost of the project / customer and we can offer the best price compared to Eporta.

He says that a large collaborative space project can have a budget of about 100,000 pounds, possessing 40 to 50 different vendors' products. "So, you must be able to integrate …

Hope you like the news:

 
Interior startup raised $ 15.4 M in Series B with Clippings, Advance Venture Partners -

#Stay Tuned For More Updates :)

Compsmag