Sky9 Capital Led a $5 Million Series A+ Round in China Social E-Commerce Platform Home, Inc.
HONG KONG, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Home Inc., a social e-commerce platform for the home furnishing industry, recently announced the completion of a $5 million Series A+ round of financing led by Sky9 Capital with participation from existing investor Capital Today.
Home Inc. is a leading social e-commerce platform for furniture and home furnishings in China. The Hangzhou-based company provides an online platform that utilizes an innovative, sharing-economy approach to sales and marketing, connecting prospective customers with prior customers both online and offline. The company is different from other furniture e-commerce companies because it provides a network of virtual showrooms, called "Lifestyle Homes", for prospective customers to personally experience the products in a real offline home environment. The prospective customer can also interact with existing furniture owners either online or offline at these Lifestyle Homes for detailed information on the products prior to purchasing, resulting in improved customer experience and satisfaction.
Home Inc.'s Founder and CEO Qiming Zhao commented: "The furniture industry is complicated, so I have been very selective about potential investors. Sky9's team has a strong track record of investing in some of the leading sharing economy and social e-commerce companies in China, like Tujia, PinDuoDuo, MaMaDaV, and XiaoHongChun. I look forward to continuing to work with the partners of Sky9 as I value their experience and strategic insights."
"As a serial entrepreneur in the furnishing business, Qiming has demonstrated his operating strength as well as his insight into how the industry will evolve in the future," said Sky9 Capital Founder and Managing Director Ron Cao. "His authenticity and leadership qualities are truly impressive, and we are excited to be part of this unique opportunity to build a truly differentiated business."
Home Inc. currently has 20,000+ registers members and a network of 300+ virtual showrooms in cities such as Hangzhou, Beijing, Wuhan, and Xiamen.
About Sky9 Capital
Sky9 Capital is a leading early-stage China-focused technology venture capital firm focused on the Internet, enterprise and deep technology sectors. With its mission to partner with bold innovators to build world-class companies together and to make a positive impact on the world, Sky9 approaches investing with a global perspective and selectively partners with early-stage companies that have exceptional founding teams, disruptive and scalable business models, or transformational technology. www.sky9capital.com .
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