News: Tech-enabled cloud manufacturing platform Prolance raises US$2 Mn Series A funding

Funding & Investment

Tech-enabled cloud manufacturing platform Prolance raises US$2 Mn Series A funding

The startup was founded in 2020 by five industry veterans: Rama Harinath K (Co-founder of HomeLane and MyHomeSpeaks), Vivek Parasuram (Cofounder of HomeLane.com and Bello Interiors), Raghunath Gururajan, Jaisimha Sathyanarayana, and Manoj K (all three are co-founders of DeltaCADD solutions).
Tech-enabled cloud manufacturing platform Prolance raises  US$2 Mn Series A funding

Prolance, a technology-enabled cloud manufacturing platform for Interior design companies, today announced that it has raised US$2 Million  in a Pre-Series A round led by Foundamental and Axilor. Arali Ventures and Force Ventures also participated in the round. In the official statement, the startup said that it will use the funds for expansion into more cities across India and to add new categories to its platform, with a mission to make the interior design project execution simple, accurate, and effortless.

Prolance said that it has added hundreds of partners in the last year including major players like Square Yards, Pepperfry, Landmark, and NoBroker. The startup is now aiming to add 30,000 partners over the next 12 months. It also plans to add new categories like False Ceilings, wallpapers, Painting, and loose furniture among others on the platform.

Commenting on the funding round, Rama Harinath K, Cofounder, and CEO of Prolance said, “Prolance started with the mission to transform the interior design industry through technology, and our goal is to become the Operating System for the Interior industry. Our growth in the last two years, along with near-universal appreciation from our clients is a testament to the strengths of our SaaS-based marketplace for interior design professionals. We are really excited to have the backing of leading global and Indian investors in this round as we gear up to execute the next stage of our growth strategy and bring Prolance to thousands of interior design companies and contractors.”

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Topics: Funding & Investment, Startups

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