Total amount raised
$763.6 Millions
Latest funding date
June, 2017
Location
Houzz has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of tools and services for home remodeling, design, and professional project management.
Keep reading to explore the intricacies of Houzz's fundraising journey and the investors backing this innovative platform.
What Is Houzz?
Houzz, founded in 2009 in Palo Alto, California, is an online platform dedicated to home remodeling and design. The company was established by Adi Tatarko, Alon Cohen, and Julian Green.
Houzz connects homeowners with home improvement professionals, offering tools for marketing, CRM, project management, and professional networking. The platform also provides software solutions for contractors and design professionals.
With a workforce of 1001-5000 employees, Houzz continues to innovate in the home improvement industry, providing inspiration, advice, products, and professional services to its users.
How Much Funding Has Houzz Raised?
- Series A
- Amount Raised: $2M
- Date: November 2010
- Lead Investors: Zeev Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and begin scaling operations.
- Series B
- Amount Raised: $11.6M
- Date: December 2011
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the user base and enhance platform features.
- Series C
- Amount Raised: $35M
- Date: January 2013
- Lead Investors: New Enterprise Associates, Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series D
- Amount Raised: $165M
- Date: October 2014
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further international expansion and develop new product features.
- Series E
- Amount Raised: $400M
- Date: June 2017
- Lead Investors: ICONIQ Growth
- Valuation at Round: $4B
- Motivation Behind the Round: To expand direct commerce capabilities and integrate advanced technologies like deep learning and AR.
- Series E
- Amount Raised: -
- Date: October 2017
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhancing platform features.
- Venture Round
- Amount Raised: -
- Date: January 2021
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and innovation initiatives.
Total Amount Raised: $613.6M
Current Valuation: $4B
Key Investors
- Iconiq Growth
- Details: Iconiq Growth is a leading investment firm known for its involvement in high-profile tech companies. They have a reputation for backing innovative and high-growth ventures.
- Investment Focus Areas: Technology, high-growth companies, consumer services
- Notable Investments: Facebook, Uber, Airbnb
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm that has invested in numerous successful startups. They are known for their strategic investments in early-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Apple, Google, WhatsApp
- New Enterprise Associates (NEA)
- Details: NEA is one of the world's largest and most active venture capital firms. They have a diverse portfolio and a strong track record of successful investments.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: Salesforce, Workday, Robinhood
- GGV Capital
- Details: GGV Capital is a venture capital firm that invests in technology companies in the U.S. and China. They focus on companies that have the potential to become market leaders.
- Investment Focus Areas: Technology, consumer internet, enterprise tech
- Notable Investments: Alibaba, Slack, Square
- Zeev Ventures
- Details: Zeev Ventures is an early-stage venture capital firm. They focus on investing in disruptive technology companies.
- Investment Focus Areas: Technology, software, consumer internet
- Notable Investments: Houzz, Tipalti, TripActions
What's Next for Houzz?
Houzz is poised to capitalize on the growing demand for online home improvement solutions. With its innovative use of deep learning and augmented reality, the platform offers users a unique way to visualize and purchase home furnishings. This technological edge, combined with its strong international presence, positions Houzz to significantly expand its market share.
Future fundraising efforts are likely to focus on enhancing these advanced features and furthering global expansion. However, the company will need to navigate challenges such as intense competition and the complexities of scaling its technology across diverse markets. Despite these hurdles, Houzz's strategic investments and robust platform suggest a promising path forward.
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