Coohom Raises Series D+ Round at a $1 Billion Valuation
Kujiale.com, the parent company of Coohom, China’s ubiquitous 3D visualization and interior design platform for the home furnishings industry, announced that it has raised its Series D+ round of funding, led by Hillhouse Capital Group with participation from their previous investors Shunwei Capital and GGV Capital. It marks the company’s entry into the unicorn club at a valuation of over US$1 billion after this round of funding.
In the company’s statement, the round of funding will be used to improve the software platform and enhance its ability to provide digital solutions for the home furnishings industry. Additionally, the funding will help with expansion overseas.
Since its founding, the platform has become an essential piece of software that allows every customer to deliver WYSIWYG (what you see is what you get) experience in the home furnishings industry. Furthermore, the company aims to build an open ecosystem for the industry aimed at helping companies with e-commerce and brick-and-mortar storefronts with delivering the best omnichannel shopping experiences.
Coohom’s platform currently enables a home furnishings company to become a leader in 3D visualization. The platform includes products for 3D product configuration, automated imagery, floor planning tools, and also mixed reality experiences including AR and VR. “Those who embrace digital technology will take the lead in the global digital economy,” states Victor Huang, Co-Founder and Executive Chairman of Kujiale.
Globally, the company boasts over 8 million interior designers, 25 million total platform users, and over 16,000 home décor brands using the platform. To continue expanding, Kujiale has opened offices in Singapore and Malaysia and has incorporated in the USA with an official office launching in November.“Over the past 8 years, we’ve been proud to be able to make the home decor industry chain easier and more efficient with our technology. We will continue to focus on developing cutting-edge technologies in computer science and information in the future, and accelerate the digitalization of the home furnishings market around the world through win-win cooperation,” said Victor Huang.
About Coohom: Coohom
is the international arm of Kujiale.com, a leading 3D product
visualization and home décor firm that powers over 14,000 enterprises
globally. To date, the company has raised over $160M USD from global
investors including GGV, Hearst, and IDG. For more information, visit www.coohom.com.
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