What is CommonFloor?
Founded in 2007 and headquartered in Bangalore, India, CommonFloor offers a comprehensive online service that integrates property search, apartment management, and vendor management. This holistic approach caters to a user's complete residential needs, from initial property discovery to facilitating community interactions within apartment complexes. The platform aims to streamline the real estate experience for both buyers and residents.
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 TriplePoint Venture Growth BDC and Accel
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 part of Alphabet, is a growth equity fund that invests in disruptive companies driven by long-term technology trends. They provide strategic support and access to Google's extensive network of experts.
Accel Partners
Accel Partners is a venture capital firm known for investing in early-stage and growth-stage technology companies. They provide capital and strategic guidance to help startups scale.
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC focuses on providing debt financing and warrants to venture growth stage companies, particularly in the technology and life sciences sectors.
What's next for CommonFloor?
With substantial enterprise-level backing and a recent strategic investment, CommonFloor is well-positioned for its next phase of growth. The company's focus on a comprehensive residential ecosystem suggests a strategy geared towards deepening its market penetration and enhancing its service offerings. Future developments may include expanding its technological capabilities, forging new partnerships, and potentially exploring adjacent markets within the real estate value chain. The consistent capital injections indicate investor confidence in CommonFloor's business model and its potential to scale effectively in the Indian market.
See full CommonFloor company page
