The Korean domestic interior designing market is growing rapidly at about 11% CAGR, and startups innovating in the space are getting investor attention. Korean startup ‘Interior Co., Ltd. has completed a series A investment worth 4.5 billion won ($3.4 million) for its premium home styling platform Interior Teacher.
Hana Ventures led this investment, and Korea Investment Partners, Naver, Strong Ventures, Hana Financial Investment, BSK Investment, and Delta Investment participated.
‘Interior Teacher,’ that connects customers and designers who want home styling; customers can check their space in 3D through non-face-to-face surveys and services and purchase furniture at any budget.
Choose your style, designer & budget
Interior Teacher’s service is provided to the client through a simple process, where the client can upload the photo of the space they want to design with the description of basic measurements. The client can give details about existing furniture and the budget for purchasing new furniture. Interior Teacher also suggests that clients send in design styling references if they have any.
Interior Teacher’s platform includes realistic 3D designs and detailed descriptions of the stylizing for the client’s house. The platform also lists out recommended furniture that can be purchased online. The platform allows the user to check the designer’s portfolio and receive design services after a successful consultation.
Interior Teacher was launched in early 2021, and is solidifying its position as a premium home styling service. The platform has surpassed 1 billion won in monthly transaction volume within a year and a half since its foundation, and currently about 70 professional home styling designers are active. Interior Teacher’s primary revenue comes from furniture sales commissions and design commissions.
Interior Teacher’s styling service is selected by high-income earners and celebrities. The platform has helped design spaces such as Busan L City, Hannam The Hill, SIGNIEL, and Tower Palace.
Heon-Young Park, CEO of Interior Teacher, said, “Interior Teacher is a premium home styling company that believes that space is a vessel in which thoughts, actions, and lives are created. We are investing in a bridge to establish premium design services and premium furniture commerce.”
The startup has been selected for its innovative service for several competitive and ceremonial plaques and TIPS (Tech Incubator Program for startup Korea). The company wants to expand to styling service to new high-end apartments and under construction homes
By 2023, Interior Teacher wants to upgrade the current platform, expand the marketplace, and have additional human resources & marketing for AI design development.
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