Announced
Financials
Sources
Tags
Software
Friendly
3d design software
Pending
Private Equity
Majority
Single Bidder
United States
Acquisition
Private
Synopsis
Hillhouse-backed Kujiale, a cloud-enabled home decor unicorn, agreed to acquire Modelo, a design assets management and showcasing platform for architectural design teams. Financial terms were not disclosed. "Modelo has mature products and solutions for architecture and real estate industries, which can be very useful for Kujiale's 3D architectural scenes as large as 20k sq. ft. The combined forces of Modelo and Kujiale will help our clients save expenses and achieve a better user-centric experience," Victor Huang, Kujiale Co-Founder and Chairman.
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