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 decor, lighting solutions, bath accessories, home appliances, and a curated selection of lifestyle and kids' products. This broad product range caters to a diverse consumer base seeking quality and style for their living spaces.
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 Golden Gate Ventures and East Ventures
Key Investors in HipVan
LionRock Capital
LionRock Capital is a private equity firm established in 2011, focusing on investments in the global consumer lifestyle sector. With offices in Hong Kong and Zurich, the firm has a strong track record of investing in prominent international consumer companies.
Golden Gate Ventures
Golden Gate Ventures, founded in 2011 and headquartered in Singapore, is a leading venture capital firm specializing in early-stage investments across Southeast Asia. The firm focuses on high-growth sectors such as consumer internet, e-commerce, fintech, SaaS, and digital media.
East Ventures
East Ventures is a prominent venture capital firm in Southeast Asia, focusing on supporting visionary founders from Seed to Growth stages. With over 300 portfolio companies, the firm emphasizes sustainable development and social impact through ESG-driven initiatives.
What's next for HipVan?
The recent major strategic investment signals a new phase of expansion and development for HipVan. This capital infusion is expected to fuel further enhancements in product offerings, supply chain optimization, and market penetration, both domestically and potentially across the region. HipVan is poised to leverage this backing to solidify its leadership in the online home goods sector and explore new avenues for growth and innovation.
See full HipVan company page
