Home interior platform Ohouse raises $70m

Startups

Home interior platform Ohouse raises $70m

PUBLISHED :November 23, 2020 - 16:31
UPDATED :November 24, 2020 - 14:19

Bucketplace, which operates interior decor platform Ohouse, raised $70 million in its Series C funding round, the South Korean startup announced on Nov. 23.

With the latest fundraising, the company has raised a total of 88 billion won ($79.15 million) in investment. The latest funding round was led by BOND Capital, a California-based venture capital specialized in technology investment, and joined by existing investors, IMM Investment, Mirae Asset Venture Investment, Mirae Asset Capital and Naver.

Founded in 2014, Ohouse provides community-driven interior platform where customers can discover and buy new interior products such as furnither and applicance.

The app has so far recorded 14 million accumulated downloads and monthly gross merchandise value over 100 billion won.

“Ohouse is transforming the home furnishing industry in Korea by allowing consumers to share, discover, and access high-quality home products and services – all through a delightful digital experience,” said BOND General Partner Daegwon Chae. “The company’s mission is simple – to improve people’s lives by making their homes beautiful. We are excited to support them in this mission."

“This new round of funding serves as a testament to the growth potential of Ohouse,” Bucketplace CEO Lee Seungjae said. “We are excited to partner with a renowned global technology investor, BOND, and grateful to our existing investors who continue to trust us. We will strive to innovate the industry and provide our consumers with unparalleled solutions and excellent services that are tailored to their unique preferences," Lee added.

Bucketplace said it plans to spend the proceeds to hire talented people to upgrade the customer experience.

By Park Ga-young (gypark@heraldcorp.com )

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Startups

Home interior platform Ohouse raises $70m

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