Can You Access Houzz Shares via Pre-IPO Marketplaces? Here are a few Houzz ticker suggestions that appear to be available in the U.S.: Houzz is still a private company, so there is no Houzz stock symbol yet. What is the Houzz Stock Symbol? Houzz Ticker? Watch for a confidential Houzz IPO filing to kick off the IPO process in the coming year.īookmark this page for the latest developments. Private investors and early employees may look for liquidity next year, which could lead to an IPO or funding round in the coming months. However, Houzz has not raised money in more than five years, a likely sign the company is profitable. New private funding rounds may suggest the company intends to be patient until market conditions improve. Having missed the opportunity to IPO during the last window, the author sees Houzz as a potential IPO candidate in 2023. The company hired Goldman Sachs in October 2021, near the 2020-2021 IPO mania apex. The lull in fundraising suggests that Houzz is profitable, which would further increase its valuation. Companies with a SaaS offering typically receive a valuation boost because of the more predictable revenue stream. Since the last valuation, the company has created its Houzz Pro software subscription product, making it a SaaS company. However, the company hasn’t raised money in more than five years, rendering that valuation outdated and likely inaccurate. The June 2017 Series E funding round confirms the Houzz valuation to be about $4 billion. Prominent venture capital investors include Canvas Venture Fund, Comcast Ventures, DST Global, GGV Capital, Great Oaks Ventures, Iconiq Capital, Kleiner Perkins Caufield & Byers, New Enterprise Associates, Sequoia Capital, T. The latest confirmed funding round, a Series E, was a $400 million raise completed in June 2017. The company has raised $600 million in private funding. Its equity owners include employees, venture capital firms, and founders. Houzz is a venture-backed private company. Houzz headquarters are in Palo Alto, California. Houzz TV is a YouTube channel highlighting beautiful stories of amazing homes, people, and designs. The product helps users attract and win the right clients, run profitable projects, and deliver a standout customer experience. The Houzz Pro software subscription costs between $65 and $399 per month, depending on selected services. Shoppers can browse furniture and accessories and purchase through the retail partner program.Īnother product, Houzz Pro, is a software as a service (SaaS) offering for professional designers and contractors that helps to manage end-to-end businesses. Users browse or search by room or style and can bookmark favorites on their accounts. The Houzz website stores millions of photos to inspire various design and remodel ideas. The company was founded in 2010 by married couple Adi Tatarko and Alon Cohen, who struggled to describe ideas for a home project to professionals. Houzz is a home design, decorating, and remodeling website that inspires users and connects them to professionals to bring their ideas to life.
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