We're incredibly proud to announce that we have just closed our Series B funding round, raising over $15 million to propel Clippings forward on our mission.
The investment was lead by Advance Venture Partners, a New York VC firm which is especially interested in the future of the lifestyle, design and fashion industries. They're major backers of businesses who are innovating in these spaces through technology - including Farfetch, Rent the Runway, Moda Operandi, Modsy and Vestiaire Collective. We’re really humbled to join the club and also welcome Courtney Robinson, partner at AVP, as our newest board member. Our existing investors C4 Ventures, also participated in the round and we're thrilled to have their continued support in this next chapter.
We believe that exceptional design enables everyone to live happier and more productive lives - although we do admit a slight bias, given that we both studied architecture! At Clippings, we’re doing our part to propagate that belief by using technology to maximise creativity. We're connecting up previously fragmented processes to offer a new way for interior design teams to realise their visions seamlessly, from inspiration to installation. Reducing the time, friction, cost and admin of every project means together we can make more amazing places to live, work, eat, sleep, play and connect.
This investment is one of the key ingredients in delivering that vision, so this news is extremely exciting for our whole community. We'll be investing heavily in initiatives that provide you with a superior, more streamlined experience when working on interior projects. We'll be:
- Accelerating the speed with which we launch cutting-edge technology to connect discovery, sourcing, organisation, communication and logistics for interior design in one seamless flow, so you can manage your entire project on clippings.com/trade.
- Partnering with more brands and launching major new categories to consolidate every type of interior design product you need with transparent pricing, lead times and information in one convenient place on clippings.com.
- Growing our community globally, expanding operations to more countries and building world-class logistics infrastructure, so we can work with you to deliver your projects all around the world.
We're also rapidly welcoming more colleagues to our awesome team of smart, committed people across every area of our business, so if you know someone who's keen to learn every single day and wants real ownership of their work, send them our way!
This is all possible because of the belief that each and every one of you has placed in our business. Thank you so much for your ongoing trust and collaboration, and we look forward to shaping the future of this industry with you.
Adel & Tom