TechCrunch has reported that, Houzz, the online platform for home remodelling and design is reportedly raising $150 million in a fourth round of funding, putting the company’s valuation after the investment at $2.3 billion.
In its last round, in January of last year, Houzz raised $35 million and was valued at up to $325 million, according to a document filed with the Delaware’s Secretary of Sate at the end of May of this year.
According to the document available on TechCrunch, it appears that the deal is closed already. Justin Byers, director of business intelligence at VCExperts said: “Once these are filed, the deal should be done. These filings are changing/updating their structure as to what they authorize to issue for shares.” There could, however, still be more to come in the round.
What the documents do not state is, who is behind the investment, or the manner in which it will be used. Houzz has declined TechCrunch’s request for comment.