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

What is Houzz's primary business?

Houzz provides an all-in-one software solution for home remodeling and design, connecting homeowners with industry professionals and resources.

When was Houzz founded and by whom?

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

What significant acquisition did Houzz make in 2018?

In February 2018, Houzz acquired IvyMark to expand its service offerings for designers.

What was a notable operational change for Houzz in late 2022?

In December 2022, Houzz laid off nearly 100 employees across its US and Israeli operations.

Which investor led a funding round for Houzz in June 2017?

In June 2017, ICONIQ Growth led a funding round for Houzz, which was reported to be $400 million at a $4 billion valuation.