Funding round
Houzz Series D
Houzz, which works in home improvement platform services in West Hollywood, raised $165M in a Series D round announced on 1 Oct 2014, led by Sequoia Capital, at a $2.30B post-money valuation. 8 firms took part, 5 of them already investors. It is Houzz's third venture round on record; the one before was a Series C in Jan 2013.
$165M
Amount raised
$2.30B
Post-money valuation
$2.13B pre-money
8
Investors
1 lead
7.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Houzz at $2.30B after the new money. The $165M bought investors about 7.2% of the company. It came 21 months after Houzz's Series C. It is 27% of the $602M Houzz has raised in the venture rounds on record. Houzz raised again 32 months later: a Series E round of $400M in Jun 2017, at $4.00B post-money.
Houzz's funding rounds
Houzz has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 7 other firms. Sequoia Capital, New Enterprise Associates, GGV Capital and Kleiner Perkins and 1 more had backed Houzz before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Also in the round
- New Enterprise Associates backs 286 venture-backed companies existing investor
- GGV Capital existing investor
- Kleiner Perkins backs 285 venture-backed companies existing investor
- backs 8 venture-backed companies existing investor
- DST Global backs 179 venture-backed companies new investor
- T. Rowe Price new investor
- backs 73 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
39 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 5.4 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Oct 2014 | $25M | not disclosed | Catalyst Investors |
| Tech Companies | 21 Oct 2014 | $20M | not disclosed | Ignition Partners |
| Tech Companies | 22 Oct 2014 | $12M | not disclosed | not named |
| Thumbtack Tech Companies | 20 Aug 2014 | $100M | not disclosed | CapitalG |
| Druva Tech Companies | 7 Aug 2014 | $25M | not disclosed | Sequoia Capital |
| Tech Companies | 8 Jul 2014 | $30M | not disclosed | NGP Capital |
| Tech Companies | 22 Jul 2014 | $27M | not disclosed | QuestMark Partners |
| Tech Companies | 29 Jul 2014 | $24M | not disclosed | Fung Capital and Silver Lake Waterman |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Houzz raise in its Series D round?
Houzz raised $165M in its Series D round, announced in Oct 2014.
Who led Houzz's Series D round?
Sequoia Capital led it, with New Enterprise Associates, GGV Capital, Kleiner Perkins, Zeev Ventures and DST Global and 2 more.
What was Houzz's valuation at the Series D round?
$2.30B post-money ($2.13B pre-money).
How does it compare with other Series D rounds in Tech Companies?
39 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 5.4 times the median.
Did Houzz raise again after this round?
Yes: a Series E round in Jun 2017 of $400M at $4.00B post-money.