Infurnia, a cloud-native architecture design software startup, announced it has raised $240,000 in funding from a cluster of angel investors including Pallav Nadhani, Founder of FusionCharts. Till now, the startup has raised $1 million in funding, as per YourStory report.
Founded in 2014 by Lovepreet Mann, Nikhil Kumar and Parul Jain, Infurnia claims to be the world’s most powerful cloud-based architecture software with features ranging from floor plan creation to BIM-based 3D designing, production drawings, Bill of Materials generation, price quotation generation, high-quality rendering, etc. The platform allows designers to register and start using the software from anywhere.
Commenting on the funding, Lovepreet Mann, CEO, Infurnia, said, “This funding will give us the capabilities to make inroads in the global market while strengthening our presence in the local market. The fact that we have been in the investors’ radar is a testament to the value proposition of our offerings. With this fresh round of funding, we also look at gaining insights and business perspectives from industry veterans such as Pallav Nadhani.”
The startup said in a release that the funding is backed by the recent progressive developments at Infurnia such as becoming the design technology partner of India’s online home and lifestyle shopping store selling products – Pepperfry, and being one of the winners of the construction technology startup competition organised by Built World Technology India (BWT-India).
“One of the main reasons to back Infurnia was its value proposition and the ability to bag reputed clients such as Pepperfry, especially during the pandemic. Its offering has the potential to scale across geographies. I look forward to working with Infurnia closely to reach new markets and increase the business figures in the coming few quarters,” added Pallav Nadhani.
Earlier in 2015, the platform had raised its first angel round of investment, and then in January 2016, it received $160,000 from UAE-based venture capital firm Idein Ventures. In October last year, the company also raised $200,000 from a group of angel investors at a valuation of $5 million.
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