Houzz, a home remodeling website and e-commerce retailer of home furnishings and housewares, has closed $400 million in Series E financing, with the deal led by ICONIQ Capital, as the company looks to accelerate its growth initiatives.
Other new investors include Wellington Management Co., while existing investors Sequoia, Zeev Ventures and GGV Capital also participated in the financing. The company said it will use the investment to accelerate the growth of the company’s platform and business around the world, as well as to further build its technology offering.
“Our focus on providing the best technology and user experience for home renovation and design enabled us to turn a side project into a global company and to determine, at each stage of our growth, the best path forward for Houzz,” said Adi Tatarko, Houzz CEO and co-founder. “We look forward to further expanding our community and our offering around the globe with support from great new partners and existing investors.”