Redecorating a house can be costly, time-consuming and needlessly confusing. Houzz’s online decorating platform solves this problem by connecting homeowners, design enthusiasts, and decorating professionals.
Houzz was first launched as a side project, but has since grown to become a community of millions. Its connectivity and practicality have allowed Houzz to scale at an impressive rate, with its progress being considerably accelerated by the boom in home renovations projects taken on during the pandemic.
The company's strong profile allowed Houzz to become a major player in the home improvement space, and it expressed hopes to go public. Macroeconomic conditions, however, have put these plans on hold, with the company instead having to lay-off a number of employees late in 2022. Despite this, the company appears hopeful it can retain its market leadership and return to planning its IPO when conditions have improved.
Freddie
Company Specialist at Welcome to the Jungle