Houzz, a Palo Alto, CA-based platform for home remodeling and design, raised $400m in funding.
The round, which valued the company at $4 billion, according to Bloomberg, was led by Iconiq Capital, with participation from Sequoia, Zeev Ventures and GGV.
The company intends to use the funds to continue to expand operations globally.
Co-founded by Adi Tatarko and Alon Cohen, Houzz operates a platform for home remodeling and design, providing people with tools to improve their homes from start to finish – online or from a mobile device. With a large residential design database and a technology empowered community, Houzz enables people to find inspiration, get advice, buy products and hire the professionals they need.
The company, which also has international offices in London, Berlin, Sydney, Moscow and Tokyo, has just launched the Houzz Trade Program to provide industry professionals with ways to profit such as purchasing and recommending products in the Houzz Marketplace.
The Houzz Marketplace offers everything from items for major remodeling projects and custom home builds, such as bathtubs and fixtures, to furniture and decor products. All professionals working in the home improvement industry, including designers, architects, contractors, and more, can apply to the program. The program is integrated with existing tools including ideabooks and Sketch.