Houzz

Company Overview

Snapshot

Founded in June 2008 by Adi Tatarko and Alon Cohen, Houzz operates with over 1,000 employees. The company has raised a total of $613.6 million across 6 funding rounds from 13 investors, with ICONIQ Growth leading one of its rounds. In February 2018, Houzz acquired IvyMark to expand its services for designers.

Business overview

Houzz provides a cross-platform software solution for home remodeling and design, connecting homeowners, design enthusiasts, and home improvement professionals. The company's core technology leverages web and mobile platforms to offer resources for projects of all sizes. Operating within the Retail Platforms sector, Houzz serves various markets including consumer goods, household appliances, and professionals in the home design and renovation industries.

Strategic signal

In December 2022, Houzz implemented a workforce optimization, laying off nearly 100 employees globally. This signals a strategic adjustment in operational efficiency and resource allocation, potentially indicating a focus on streamlining core business functions amidst evolving market conditions.

Company Intelligence Q&A

When was Houzz founded and by whom?

Houzz was founded in June 2008 by Adi Tatarko and Alon Cohen.

What was a significant acquisition made by Houzz?

In February 2018, Houzz acquired IvyMark, an Israeli startup, for a reported $40 million to expand its services for designers.

What was a key strategic development for Houzz in April 2020?

In April 2020, Houzz launched Houzz Pro Business Management Software, expanding its offerings for professionals in the home improvement industry.

What was a notable funding round for Houzz?

In June 2017, Houzz secured an E Round of funding, with ICONIQ Growth participating as a lead investor.