Funding round
Houzz Series A
Houzz, which works in home improvement platform services in West Hollywood, raised $2.0M in a Series A round announced on 15 Nov 2010. It is Houzz's first venture round on record.
$2.0M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Houzz did not disclose a valuation in this round. It is Houzz's first venture round on record, in the year it was founded (2010). It is under 1% of the $602M Houzz has raised in the venture rounds on record. Houzz raised again 26 months later: a Series C round of $35M in Jan 2013. Its next priced round, a Series D in Oct 2014, valued it at $2.30B.
Houzz's funding rounds
Houzz has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
0 firms took part; no lead investor was named.
Individual investors: Oren Zeev, Donald Katz, Gary Ginsberg, Jeff Fluhr and Amos Wilnai.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
66 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $3.9M, and this round was 51% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Nov 2010 | $4.0M | not disclosed | Matrix |
| Tech Companies | 1 Oct 2010 | $5.0M | not disclosed | not named |
| Tech Companies | 13 Oct 2010 | $5.0M | not disclosed | Frontier Venture Capital |
| Tech Companies | 18 Oct 2010 | $5.0M | not disclosed | North Bridge Venture Partners and Floodgate |
| Tech Companies | 6 Dec 2010 | $3.2M | not disclosed | not named |
| Tech Companies | 24 Oct 2010 | $1.1M | not disclosed | Calumet Venture Fund |
| Tech Companies | 14 Dec 2010 | $1.0M | not disclosed | Canal Partners |
| Tech Companies | 1 Jan 2011 | $11M | not disclosed | Kleiner Perkins |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Houzz raise in its Series A round?
Houzz raised $2.0M in its Series A round, announced in Nov 2010.
What was Houzz's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
66 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $3.9M, and this round was 51% of the median.
Did Houzz raise again after this round?
Yes: a Series C round in Jan 2013 of $35M.