San Francisco-based Modsy has abruptly stopped offering design services, laying off its designers and harassing its clients, reports techcrunch,
The startup promised to refund some service order charges and return furniture deliveries to online form-fillers.
“But more than two weeks later, the tweet shows that many Modsy customers are still awaiting the update,” the report said late Sunday.
Apoorva Govind, founder of BestEver App, tweeted on Monday: “I am so disappointed that Modsy is shutting down! This was one of my favorite services when it comes to interior design!! I am so disappointed. Their 3D The design software was top notch.”
Another user posted, “Me too! And countless others who have orders pending with Modsy.”
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According to the report, while the company’s website is operational, Modsy has deleted its website. Twitter and facebook page and made it instagram Account private.
Modsy founder and CEO Shanna Taylorman told TechCrunch that “capital constraints and uncertain market conditions forced the company to cease operations on July 6 and lay off all employees”.
The Modsy assets were acquired by a “new entity and customers will be informed in the next steps on how to best meet their needs,” Taylorman said.
Investors in Modsy included TCV, Comcast Ventures, Norwest Venture Partners and NBC Universal.
The startup’s last funding round closed in May 2019, bringing its total fundraising to $72.7 million crunchbase,