Inhabitr, an AI-powered commercial real estate furnishing platform, announced it has raised $27 million in a Series B funding round led by Hamilton Ventures and other influential commercial real estate owners and operators.
This investment marks a major milestone for Inhabitr, enabling the company to significantly increase its revenue target by furnishing over 100,000 units by the end of 2025. This funding will drive more growth in the B2B sector, serving a diverse spectrum of commercial real estate, including hospitality, multifamily, and student housing, catering to independent and branded properties across budget to luxury segments. Inhabitr plans to utilize the funds to expand its presence in the Middle Eastern and UK markets.
Inhabitr’s platform utilizes AI technology and seamlessly blends human expertise with real-time insights into global furniture inventory, cost, and availability. Powered with AI specifically trained for FF&E (furniture, fixtures, and equipment), it transforms how you discover, curate, purchase, and get value from design assets.
Along with AI capabilities, Inhabitr offers a proprietary financing solution that enables commercial real estate owners to upgrade their properties with minimal upfront investment, a valuable offering in the current challenging capital market environment.
Some notable success stories include furnishing a 140-room boutique hotel in Hawaii within five months, driving significant cost savings, reducing project duration by six months compared to competitors, and eliminating the need for a $1 million upfront investment.
The company also caters to the unique requirements of commercial real estate owners and operators, streamlining the traditionally fragmented furnishing process. And Inhabitr’s technology-driven approach facilitates up to a 50% faster furnishing process and up to 30% lower costs than conventional methods. Having furnished over 20,000 units already with end-to-end service from design, procurement, installation, and finance across the US for a broad range of projects in commercial real estate, Inhabitr has already established itself as an innovative leader in the commercial furnishing space.
Since being founded in 2018, Inhabitr has carved out a distinct niche in the B2B furniture sector, focusing on commercial real estate while competitors have entered the consumer space. The company boasts a formidable global presence with 150+ full-time employees spanning six countries. The Series B funding round brought Inhabitr’s total funding to $31 million and positioned the company to strengthen the team further as it embarks on its international expansion journey.
KEY QUOTES:
“At Inhabitr, we are on a mission to revolutionize the commercial furnishing industry through cutting-edge technology. Unlike traditional residential furniture companies with a professional arm, Inhabitr is purpose-built to address the unique challenges of commercial real estate. Our AI-powered platform, coupled with our extensive network of suppliers and partners, enables us to deliver high-quality, commercial-grade furniture solutions with unparalleled flexibility, speed, cost-efficiency, and sustainability. This latest funding round is a testament to our innovative approach and will empower us to accelerate our growth, expand internationally, and continue to transform the commercial furnishing landscape.”
- Ankur Agrawal, founder and CEO of Inhabitr
“Inhabitr has truly revolutionized the furnishing process for hospitality properties which historically has always been a cumbersome and fragmented process, having to coordinate multiple vendors for design, procurement, delivery and more. As an owner of various branded hotels, including Marriott, Hilton, and Hyatt properties, we have experienced firsthand the transformative impact of Inhabitr’s AI-powered platform. By consolidating multiple steps into a single seamless solution, Inhabitr has not only accelerated the furnishing process but has also delivered superior quality furniture at a lower cost compared to traditional vendors.”
- Guneet Bajwa, owner of Presidio Companies
“Investing in Inhabitr and leading the Series B funding round was a natural choice given their remarkable growth trajectory and unwavering commitment to innovation. With one of the best teams we have seen and disruptive AI technology, we believe Inhabitr is well-positioned to continue redefining the B2B furniture landscape. Hamilton is thrilled to support them in their global expansion efforts.”
- Prashant Kothari, Managing Director of Hamilton Ventures
