Home Improvement Startup Houzz Closes $400 Million Round
- Iconiq Capital, which manages Zuckerberg money, led funding
- The company’s new valuation is said to be $4 billion
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Houzz Inc., a website for home design services and shopping, said it closed $400 million in funding from venture firms including Sequoia, GGV Capital and Iconiq Capital, the multi-family office which counts Mark Zuckerberg as a client.
Iconiq Capital led the funding round that nearly doubled the eight-year-old startup’s valuation to $4 billion, said two people familiar with the matter who asked not to be identified because Houzz is closely held.