Deals
Goldman Joins Funding for Ikea-Backed Home Improvement Startup
- Livspace’s $90 million round led by Kharis Capital, Venturi
- Six-year-old startup connects homeowners, designers, vendors
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Livspace, a home interiors and renovation platform that counts Swedish retailer Ikea among its investors, raised $90 million in a round led by Kharis Capital and Venturi Partners to fuel its expansion in Asia.
The Series D financing included backing from new investors EDBI of Singapore and FFP, the Peugeot family’s investment company. The financing, composed of $85 million of equity and $5 million of debt, was joined by existing backers Ingka Investments, which controls Ikea, TPG Growth, Goldman Sachs Group Inc., Ratan Tata’s UC-RNT Fund and Bessemer Ventures.