Houzz Raises $165M in Funding

houzzHouzz, a Palo Alto, Calif.-based home remodeling and design platform, raised $165m in funding.

The round was led by Sequoia Capital with participation from Oren Zeev, New Enterprise Associates, GGV Capital, Kleiner Perkins Caufield & Byers, DST Global and T. Rowe Price.

The company intends to use the funds to accelerate international expansion and to further build its technology platform and products for both consumers and home professionals.

Led by Cofounder and CEO Adi Tatarko, Houzz operates a platform for home remodeling and design, providing people with tools and home professionals they need to improve their homes (from decorating a room to building a custom home) from start to finish โ€“ online or from a mobile device. The company, which also has international offices in London, Berlin and Sydney, also launched in beta the Houzz Marketplace, a marketplace for home products, and a redesign of its user experience.
Founded as a side project in 2009, Houzz has grown to over 25 million monthly unique users around the world โ€“ 90 percent of whom are homeowners โ€“ and over half a million active home professionals from architects, designers, contractors and more who are using the platform to build their brands, collaborate on projects and connect with homeowners.

FinSMEs

01/10/2014

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