Houzz acquires interior design software company IvyMark for $30M+

California-based firm recently raised $400M from investors

New York /
Feb.February 06, 2018 03:20 PM

From left: Lee Rotenberg, Alon Cohen and Alexandra Schinasi (Credit: LinkedIn and Getty Images)

Software giant Houzz acquired the interior design management software company IvyMark for $30 to $40 million.

Houzz, which recently raised $400 million from investors at a $4 billion valuation, runs an online marketplace connecting interior designers with clients. The latest acquisition allows the California-based company to expand its services into online payments and other arenas, TechCrunch reported.

IvyMark, founded by Alexandra Schinasi and Lee Rotenberg, previously raised $2.9 million from investors including Facebook’s David Marcus.

Houzz, founded by Alon Cohen and Adi Tatarko in 2009, has raised $613.6 million to-date, according to Crunchbase. Its investors include Sequoia Capital and T. Rowe Price. [TechCrunch]Konrad Putzier


Related Articles

arrow_forward_ios
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
Michael Stern of JDS Development
Michael Stern forms $200M SPAC with former Citadel analysts
Michael Stern forms $200M SPAC with former Citadel analysts
Rentable creates tools for property owners that streamline listing, leasing and management (Getty)
Proptech startup Rentable secures $22M in Series B funding
Proptech startup Rentable secures $22M in Series B funding
Social Construct's co-founders Ben Huh and Michael Yarne (iStock)
Proptech startup Social Construct shutting down
Proptech startup Social Construct shutting down
The average iBuyer offer is now above 100 percent of market value. (iStock)
iBuyers upping offers as housing market rises
iBuyers upping offers as housing market rises
Alphabet CEO Sundar Pichai and Twitter CEO Jack Dorsey (Getty)
Twitter, Google latest big companies to delay office returns
Twitter, Google latest big companies to delay office returns
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...