What is HipVan?
HipVan is recognized as Singapore's premier online destination for designer furniture, home furnishings, and lifestyle products. Established in April 2013, the company offers an extensive catalog that spans furniture, kitchen and dining essentials, bedroom items, lighting, decor, bath accessories, home appliances, and lifestyle products for all ages. HipVan aims to make stylish and quality home goods accessible to a broader market through its e-commerce platform.
How much funding has HipVan raised?
HipVan has raised a total of $4.4M across 2 funding rounds:
Angel/Seed
$1.1M
Series A
$3.3M
Angel/Seed (2014): $1.1M with participation from LionRock Capital
Series A (2015): $3.3M led by East Ventures and Golden Gate Ventures
Key Investors in HipVan
East Ventures
East Ventures is a venture capital firm active in Southeast Asia, supporting early-stage to growth-stage tech startups with a focus on sustainable development and social impact through ESG initiatives.
Golden Gate Ventures
Golden Gate Ventures is a Singapore-based venture capital firm that specializes in early-stage investments across Southeast Asia, focusing on high-growth sectors like e-commerce and fintech.
LionRock Capital
LionRock Capital is a private equity firm established in 2011, with a strategic focus on investments within the global consumer lifestyle sector, supporting prominent international consumer companies.
What's next for HipVan?
With the recent major strategic investment and a substantial total funding amount of $4.4M, HipVan is well-positioned for its next phase of growth. This capital injection is expected to fuel further expansion of its product lines, enhance its online platform capabilities, and potentially broaden its market reach within Southeast Asia. The company's focus on designer home furnishings suggests a strategy aimed at capturing a discerning consumer base seeking quality and style, supported by robust logistical and customer service operations.
See full HipVan company page
