Moodfit, an online interior design platform based out of Lebanon, announced today that it closed a seed investment worth over $400,000 from Seeders Angel Group and including IM Capital, Impact Fund by Middle East Venture Partners (MEVP) and iSME Capital.
This investment comes after more than a year of operating in Beirut and Dubai, during which Moodfit proved its model and gained traction in both countries. This round also coincides with several significant investments in similar companies in the U.S. such as Havenly and Modsy.
The funds received will be used to help the company grow in Lebanon and to begin scaling across the GCC starting with the U.A.E. The interior design and furniture industry in the MENA region is estimated at $20B+ and it is yet to be disrupted by technology. Moodfit aims to take this industry online and democratize interior design. Moodfit’s future plans include integrating AR/VR, machine learning into their platform that solve key pain points and further streamline our operations.
Moodfit was founded in Lebanon in 2016 as a platform that offers a hassle-free online home furnishing and decoration service from curated professional interior designers. Through Moodfit’s platform and design tools, clients get to choose the designer who would submit a design that fits their style and furniture budget. Once the design is finalized, Moodfit then saves its clients the hassle of shopping by coordinating the delivery of furniture and decoration from the local suppliers to the clients’ place.
Moodfit ranked #22 on Forbes Middle East 50 Startups To Watch list in 2017.