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Block Renovation Raises $50 Million In Funding, Announces Plans For National Expansion In 2022

Nov 10, 2021•almost 4 years ago

Amount Raised

$50 Million

Description

Block Renovation, a technology platform for homeowners and contractors to digitize and simplify the home renovation experience, announced today that it has raised a $50 million Series C investment led by Softbank Vision Fund 2. In addition, existing investors Giant Ventures, NEA, Morningside, and Lerer Hippeau also contributed to the round. To date, Block has raised $104 million in venture funding. Additional investors include Obvious Ventures, Rainfall Ventures, Firstminute Capital, BoxGroup, and SV Angel

Company Information

Company

Block Renovation

About

Block is a renovation platform transforming the $450 billion renovation industry. Today, doing a home renovation is an abysmal homeowner and contractor experience. Block democratizes access to high-end design, while combining design, construction, and materials into a streamlined experience. Block simplifies a complex and convoluted process and gives homeowners certainty on outcomes, quality, price, and time.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech