SAN FRANCISCO, June 2 Home-design site Houzz is
raising up to $150 million at a valuation of up to $2.3 billion,
according to documents filed in Delaware, putting it in an elite
group of richly backed startups.
The documents, first reported by VC Experts, show that Houzz
is raising funds at more than five times its valuation the last
time it raised funds, in January 2013.
The fundraising would put Houzz in a rarefied club of
venture-backed companies worth $1 billion or more, including
transportation service Uber, payments company Stripe, and
home-furnishings company Wayfair.
The documents don't say which investors Houzz might be
raising the funds from. A representative for Houzz did not
immediately respond to a request for comment.
(Reporting by Sarah McBride; Editing by Eric Walsh)