US-based online home design platform Houzz is raising a $150m round featuring existing investor Comcast Ventures, the corporate venturing arm of media communications company Comcast, technology news site TechCrunch has reported, citing a filing discovered by VCExperts.
The round is being raised at a valuation of $2.3bn, up from the $325m valuation at which Houzz closed its $35m series C round in January 2013.
As with the 2013 round, the series D looks set to feature Comcast, along with GGV Capital, which led the series C, Sequoia Capital, New Enterprise Associates, Kleiner Perkins Caufield & Byers and David Sacks.
Founded in 2009, Houzz provides an online platform for remodelling and designing houses, connecting homeowners with designers and builders across the world. Prior to its series C round, it raised $13.6m from Sequoia and several private investors.
News of the round, which so far remains unconfirmed, comes a few months after Houzz opened its first offices outside the US, in UK, Germany and Australia. The cash could potentially herald a greater global expansion for the company.