Funding round
Houzz Series E
Houzz, which works in home improvement platform services in West Hollywood, raised $400M in a Series E round announced on 26 Jun 2017, led by ICONIQ Capital, at a $4.00B post-money valuation. 5 firms took part. It is Houzz's fourth venture round on record; the one before was a Series D in Oct 2014.
$400M
Amount raised
$4.00B
Post-money valuation
$3.60B pre-money
5
Investors
1 lead
1.7x
Step-up from the Series D
$2.30B in Oct 2014
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Houzz at $4.00B after the new money, 1.7 times the $2.30B of its Series D (Oct 2014). The $400M bought investors about 10% of the company. It came 32 months after Houzz's Series D. It is 66% of the $602M Houzz has raised in the venture rounds on record. No later venture round is on record for Houzz.
Houzz's funding rounds
Houzz has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
ICONIQ Capital led the round with 4 other firms.
Lead investor
- ICONIQ Capital new investor
Also in the round
- Wellington Management Company new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Zeev Ventures new investor
- GGV Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
14 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 7.8 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Netskope Tech Companies | 6 Jun 2017 | $100M | not disclosed | Lightspeed Venture Partners and Accel |
| Tech Companies | 9 May 2017 | $52M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 6 Oct 2017 | $62M | $1.30B | not named |
| Tech Companies | 31 Oct 2017 | $25M | not disclosed | Insight Partners |
| Tech Companies | 5 Jan 2017 | $24M | not disclosed | BlueCross BlueShield Venture Partners and Andrew Prozes |
| Tech Companies | 16 Nov 2017 | $1.7M | not disclosed | BIP Capital |
| Tech Companies | 13 Dec 2016 | $25M | not disclosed | Sapphire Ventures |
| Tech Companies | 14 Dec 2016 | $18M | not disclosed | Sigma Prime Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Houzz raise in its Series E round?
Houzz raised $400M in its Series E round, announced in Jun 2017.
Who led Houzz's Series E round?
ICONIQ Capital led it, with Wellington Management Company, Sequoia Capital, Zeev Ventures and GGV Capital.
What was Houzz's valuation at the Series E round?
$4.00B post-money ($3.60B pre-money).
How does it compare with other Series E rounds in Tech Companies?
14 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 7.8 times the median.