Follow

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Account
Techi.com Techi.com

A home remodeling website called Houzz has raised $150 million in funding

Houzz may be on the cusp of a big remodeling project of its own. The Palo Alto, California-based startup, which provides home owners with tips on remodeling kitchens, baths, decks and more, has reportedly snagged $150 million in fresh funding. VCExperts uncovered the series D round, which reportedly comes in at a jaw-dropping $2.3 billion valuation, according to TechCrunch. The company reported more than 16 million monthly unique visitors in January, with about 35% of that audience coming from outside the US.

Houzz, an online community focusing on architecture and home design, is looking to raise $150 million at more than a $2 billion valuation, according to documents filed in Delaware. Founded in 2008 by Alon Cohen and Adi Tatarko, the Palo Alto-based company registered more than 2 million new shares at a price per share of nearly $75, according to filings uncovered by private company research group VC Experts. On a fully-diluted basis of 31 million shares, the company would be worth about $2.3 billion based on this Series D round of funding. Launched in Feb. 2009, Houzz looks to be the latest startup to reach the vaunted $1 billion-valuation mark, joining the likes of Airbnb, Uber and Snapchat. According to its website, Houzz has 20 million monthly users and addresses a $300 billion home improvement market by providing a platform where consumers can connect to home improvement professionals.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use