Houzz, a US-based website for home renovations, has raised $35m in its series C round from a consortium including cable company Comcast’s corporate venturing unit.
Alongside Comcast Ventures in the C round were venture capital firms New Enterprise Associates, GGV Capital, which both co-led the round, Kleiner Perkins Caufield & Byers (KPCB) and Sequoia Capital and angel investor David Sacks, the founder of Yammer, which was sold to software provider Microsoft last year and author of The Diversity Myth: Multiculturalism and the Politics of Intolerance at Stanford.
Sacks said: “I found Houzz as I was remodeling my own home.
“They’ve built an amazing product and technology platform that I love using. The company has solidified itself as the leading player and chief disrupter in the $300bn home remodeling and design industry.
“I’m delighted to join an amazing group of investors like Alfred Lin [partner at Sequoia], [ex-Apax Partners partner] Oren Zeev, Hany Nada [founder of GGV], Paul Hsiao [partner at NEA] and Mary Meeker [partner at KPCB].”
Houzz said its $2m series A financing in late 2010 was led by angel investor Oren Zeev, followed by an $11.6m B round led by Sequoia Capital in December 2011.
Alon Cohen and Adi Tatarko, husband and wife respectively, founded Houzz.