![]() Successful app creations have come from those who understood people want greater convenience, a chance to replace more traditional methods with high tech, a way to increase productivity, have an enhanced user experience, and enjoy unique forms of entertainment. Houzz is but one example of mobile app entrepreneurs seeing a need and seizing on the opportunity to create something of value that fills a void, or creates a solution consumers have been searching for. In return, Houzz receives a 15% commission on sales, allowing them to generate a robust income stream. Top manufacturers such as Hamilton Beach, Black and Decker and Viking are able to connect directly with consumers in the market for their products. It's a one-stop shop for home design where professionals build their brands, collaborate on projects and reach millions of homeowners. Houzz was founded in 2009, over fourteen years after Angie’s List. Houzz, a late mover in this market, has quickly carved out a sizeable niche as a 4 billion platform that is part-Angie’s List, part-Pinterest, part-Amazon. ![]() In addition, over 600,000 architects, designers, contractors and other home professionals make their products and services available through the app. Instead, we will seek the advice of platforms like Angie’s List, HomeAdvisor, Porch, and Houzz. Houzz already boasts over 25 million monthly subscribers, 90% of whom are homeowners. The simplicity and power of Houzz’s mobile apps has fueled its great success, and it now sits as one of the latest startups heading for a $1-billion valuation. Not content with just being a popular website, the Houzz founders saw the great opportunity in native mobile apps, first releasing an iPad version of Houzz in 2010. Soon, subscribers were using Houzz to trade and discuss millions of home decoration images and ideas.Įach year, Houzz sought and secured an increasing amount of funding - $2 million in 2010, around $12 million in 2011, $35 million in 2012 and $165 million in 2013. They hit upon the idea of automating this with a website, and adding in collaboration features. The Houzz co-founders were, at the time, looking to redecorate their home and began going about it the same way people have for decades – cutting out photos from home renovation catalogues to make a home decoration inspiration file. Launched in 2009, Houzz has been named as number 11 in CNBC's Disruptor 50 and is on track to generate a billion dollars in revenue over the next 5 years. Houzz, the home-design company, is building its own online marketplace, having raised 165 million in venture capital at a valuation of more than 2 billion. All rights reserved.Houzz on Track to Generate a Billion USD in Revenueĭo you have a killer mobile app idea? Mobile app billionaires Alon Cohen and Adi Tatarko found themselves in just such a situation and as a result, they put their heads together to create one of 2015's most successful apps, Houzz. Other trademarks are property of their respective owners. EquityZen and logo are trademarks of EquityZen Inc. The firm’s most recent private funding round led to a rise of 400 million and valued the company at 4 billion. Furthermore, since 2017, Houzz has not yet sought external capital. ![]() Houzz is still a private funding firm, so most of its finances are secret. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use. Company Lands 4 Billion Valuation Ahead of Houzz IPO. Check the background of this firm on FINRA’s BrokerCheck.Į is a website operated by EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/ SIPC member firm.Įquity securities are offered through EquityZen Securities. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.ĮquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. ![]() Investors must be able to afford the loss of their entire investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Houzz is the leading platform for home remodeling and design, providing people with. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Houzz is the leading platform for home remodeling and design.
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