China-based interior design technology developer InDeco has raised $20m in series C funding from investors including chemicals producer BASF and construction materials supplier Saint-Gobain.
Financial services and investment group Fidelity led the round through its Eight Roads Ventures unit, and it included returning backers Source Code Capital and Gaoli Shengzhu Investment.
InDeco was founded in 2016 and its artificial intelligence-equipped software tool allows companies to design and construct workspace projects. It disclosed a total of $16.3m across series A and B rounds in April 2019.
Chemicals provider Red Avenue New Materials Group and Ideate Investments backed the series B round, which followed a mid-2018 series A led by Source Code Capital that included ZhenFund, Hangzhou Chaosheng Investment Management, and China Everbright vehicle EBA Investments.
Woo Space, the co-working space network also known as Wujie Space, had previously provided an undisclosed amount of funding for InDeco in 2017, according to business data aggregator Tianyancha.
