Houzz Raises Big Funding Round, Eyes E-Commerce
Houzz on Wednesday said it’s raised $165 million in a new funding round that the home design website plans to use for expanding into e-commerce and international markets. Early investor Sequoia Capital led the round of financing, which brought in new investors T. Rowe Price (TROW) and DST Global. Controlled by Russian billionaire Yuri Milner, DST Global was also an early backer of Facebook (FB) and Twitter (TWTR). The $165 million funding round