Modsy shutters its enterprise – Residence Furnishings Information

Modsy, the San Francisco-based, on-line inside designer platform, has shut down, in line with on-line experiences.  

The e-design firm “discontinued its design providers and laid off most of its workers,” in line with Enterprise of Residence, which additionally reported {that a} failed acquisition deal result in the “abrupt closing.” CEO Shanna Tellerman wrote staff “that management could be winding down the ‘company and authorized entity of Modsy.’”   

BOH added that the corporate has “been quickly winding down its buying operations and had informed designers it was canceling exterior buying by June 21.” 

Tellerman despatched an announcement to TechCrunch that mentioned: “We’ve labored onerous over the previous seven years to construct Modsy and by no means anticipated we must disrupt our enterprise. Our focus has at all times been, and nonetheless is, on our clients. We intend to satisfy buyer merchandise orders and we’re working via a course of for our design service clients. We ask on your endurance as we work via this plan. I hope that for many individuals, the Modsy story is not going to be outlined by this flip of occasions, and we’re really sorry. We want to thank our group, our designers and our clients.” 

Based in 2015, Modsy was nonetheless making strategic strikes earlier this yr. It employed a former Amazon chief as its first chief income officer in January after which unveiled its digital Renovation Design service in March. It’s at present selling a software program service known as Modsy Professional on its web site, which TechCrunch mentioned the corporate is transitioning towards.