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NEA, GGV latest venture giants to back home design website Houzz

29 Jan 2013

HouzzGlobal venture capital firms New Enterprise Associates and GGV Capital have led a $35m Series C financing round for home remodelling and design platform Houzz.

Fellow venture heavyweights Sequoia Capital and Kleiner Perkins Caufield & Byers also took part in the round, as did Comcast Ventures and Yammer founder David Sacks.

Houzz allows users to browse new styles for rooms around their homes, source products and find local professionals to perform work.

The company said it would use the funding to build its engineering and design team and launch Houzz Pro+, a premium marketing programme for professionals.

Houzz said it has grown its monthly unique users by 450 per cent to 12 million over the past 12 months.

David Sacks said, “I found Houzz as I was remodeling my own home.

“They’ve built an amazing product and technology platform that I love using.

“The company has solidified itself as the leading player and chief disrupter in the $300bn home remodeling and design industry.

“I’m delighted to join an amazing group of investors like Alfred Lin, Oren Zeev, Hany Nada, Paul Hsiao and Mary Meeker.”

Zeev led the company’s Series A round, while Sequoia headed the Series B.

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