Home » Industry News » Houzz Valued at More than $2 Billion

Houzz Valued at More than $2 Billion

Last week, Houzz, an online home improvement company, raised $165 million in new funding. According to an article by the Wall Street Journal, the company is setting sight on e-commerce.

Through a section of the site called the Houzz Marketplace, the company will list a selection of “bathtubs, vanities, backsplashes and other home décor items.” According to the article, by hosting various online retailers products, the company will keep 15 percent of each sale.

Houzz Marketplace will become the third source of revenue for the online company, in addition to ad sales as well as charging “architects, designers and other home contractors” annual subscription fees for tools to engage with potential customers through the Houzz site.

To read more, click here.

About Sara Logel

As NRHA’s market research analyst, Sara conducts organic research and stays abreast of industry trends to help hardware retailers better run their business. Sara also contributes to editorial content in Hardware Retailing magazine. Sara received her B.S. in Marketing and Spanish from Butler University and, after graduation, began her career with NRHA. Sara enjoys traveling, being outdoors and exploring the city of Indianapolis.

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