$40 million commitment from Gray Matters Capital, taking its total to $50 million including $10 million invested in 2025. Structured as debt, quasi-equity and equity across 30 months, with the spli…
Gray Matters Capital was founded by Robert Pattillo, who is also named as a co-founder of HerSpace. No external investor has yet priced the company.
HerSpace has more than 950 modular beds delivered and operating, with over 10,000 in the pipeline. The commitment is sized against roughly a tenfold expansion rather than against current operations.
The operating entity, HerSpace Manufacturing Private Limited, was incorporated in Karnataka in 2025 with paid-up capital of ₹9 lakh.
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