Houzz, the fast-growing home-remodeling site, today announced that it has raised a $165 million Series D round led by Sequoia Capital, one of its early backers. Existing investors Oren Zeev, New Enterprise Associates, GGV Capital and Kleiner Perkins Caufield & Byers also participated in this massive round, as well as new investors DST Global and T. Rowe Price.
As Houzz co-founder and CEO Adi Tatarko told me earlier this week, the plan is to use this new injection of funding to accelerate the company’s global expansion plans. Houzz, which launched in 2009, already has already opened offices in Berlin, London and — most recently — Sydney. “Houzz is really meant to be a global platform,” Tatarko told me. More than a third of the company’s now 25 million monthly unique users already come from outside the U.S., she told me.
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