Startup Houzz closes $400m funding round

Houzz Inc, a website for home design services and shopping, said it closed $400 million in funding from venture firms including Sequoia, GGV Capital and Iconiq Capital, the multifamily office which counts Mark Zuckerberg as a client.

Iconiq Capital led the funding round that nearly doubled the eight-year-old startup’s valuation to $4 billion, said two people familiar with the matter who asked not to be identified because Houzz is closely held. Houzz sells more than nine million products on its website, which is frequented by home improvement hobbyists and professionals. The website also lets shoppers upload photos of their home to see how a piece of furniture or appliance would look within a space.