What is CommonFloor?
CommonFloor, established in 2007 and headquartered in Bangalore, India, operates as a comprehensive online platform addressing complete residential requirements. Its integrated services encompass property search, apartment management, and vendor management, creating a seamless experience for users throughout their homeownership or rental journey. The platform facilitates property discovery and fosters community interactions within apartment complexes, positioning itself as a key player in digitizing India's real estate ecosystem.
How much funding has CommonFloor raised?
CommonFloor has raised a total of $62.9M across 4 funding rounds:
Series C
$7.5M
Series D
$10.4M
Series E
$30M
Series F
$15M
Series C (2013): $7.5M with participation from Accel and TriplePoint Venture Growth BDC
Series D (2014): $10.4M led by Accel Partners
Series E (2014): $30M, investors not publicly disclosed
Series F (2015): $15M featuring Google Capital
Key Investors in CommonFloor
Google Capital
Google Capital, now known as GV, is a venture capital arm of Alphabet Inc. that invests in companies driving disruption through long-term technology trends. They provide strategic support and connect portfolio companies with Google's vast resources.
Accel Partners
Accel is a prominent venture capital firm that invests in companies at various stages of growth, from seed to growth equity. They are known for their deep operational expertise and global network, supporting entrepreneurs in building category-defining companies.
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC provides debt financing solutions to venture-backed companies in the technology and life sciences sectors, offering flexible capital to support growth and expansion.
What's next for CommonFloor?
The recent major strategic investment signals a new phase of growth for CommonFloor, likely focused on scaling its operations, enhancing its technological infrastructure, and potentially expanding its service offerings. This capital infusion will enable the company to solidify its market leadership, explore new revenue streams, and further innovate within the proptech space. Strategic partnerships and continued product development are anticipated as CommonFloor leverages this significant backing to achieve its long-term objectives.
See full CommonFloor company page
