Accelerating Inhabitr's Vision with a $27 Million Series B

A note from Ankur Agrawal, Founder and CEO, Inhabitr, Inc.

07/25/2024

Today marks a major milestone for Inhabitr as we announce the closing of a $27 million Series B funding round. This significant capital infusion will enable us to dramatically accelerate our vision of revolutionizing the commercial real estate furnishing industry through cutting-edge AI technology.

The Series B was led by Hamilton Ventures, along with other influential commercial real estate investors who recognized Inhabitr's remarkable growth trajectory and commitment to innovation. This funding round brings our total capital raised to $31 million as we continue scaling rapidly.

With this new investment, we are intensifying our efforts with an aggressive goal to furnish over 100,000 units by the end of 2025 across the hospitality, multifamily, and student housing sectors we serve. The funding will fuel the expansion of our furnishing operations and proprietary financing solutions that have already delivered exceptional results for our clients.

A core focus will be our international growth strategy to establish Inhabitr as the global leader in AI-powered commercial furnishing solutions. We will launch services in the Middle East and the United Kingdom over the next year, bringing our transformative platform to new markets ripe for disruption.

Our AI-driven furnishing platform has already demonstrated its ability to consolidate the often fragmented furnishing workflow into a seamless, accelerated process. By blending human expertise with powerful AI specifically designed for FF&E (furniture, fixtures, and equipment), we can furnish properties 50% faster and reduce costs by up to 30% compared to traditional methods.

Our platform provides unmatched design capabilities, from visualizing concepts with generative AI to leveraging language models to curate the perfect pieces. We've already successfully furnished over 20,000 units spanning diverse property types, and clients are taking notice of the ease and efficiency we deliver.

This Series B raise represents a resounding vote of confidence in Inhabitr's vision from some of the most respected names in commercial real estate investing, and we are purpose-built to address the unique furnishing challenges that our industry faces.

With a team of over 150 employees across six countries, we are rapidly emerging as the pioneer, bringing true AI disruption to the B2B furnishing realm. This funding will significantly amplify our impact as we continue developing cutting-edge technology solutions to transform how the world furnishes commercial spaces.

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