The home improvement startup Houzz Inc. received $400 million in a funding round from venture firms which include Sequoia, GGV Capital and Iconiq Capital, which manages Mark Zuckerberg’s money.
Houzz Inc. is a website that specializes in home design services and shopping. The website also allows the user to post pictures of their homes to give them an idea on how the furniture would look like.
The online market for home furnishing has been growing rapidly throughout the past couple of years. According to EMarketer, in 2015, U.S. customers already spent $27 billion on furniture and other house items, and the number is expected to double to $55 billion by 2020.
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