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Block Renovation Secures $40 Million In Funding, Launches In Los Angeles, And Introduces Kitchen Renovations

Jul 19, 2021•almost 4 years ago

Amount Raised

$40 Million

Description

Block Renovation, a renovation platform that uses technology to simplify and improve home renovations, announced today that it has raised $40 million in funding led by Giant Ventures -- along with NEA, Morningside, Lerer Hippeau, and Obvious Ventures. To date, Block has raised $54M in venture funding from investors including Rainfall Ventures, Firstminute Capital, BoxGroup, and SV Angel. They are joined by top interior designer Kelly Wearstler, designer Ann Sacks, Eric Wu (CEO/Cofounder, Opendoor), Oisin Hanrahan (CEO, Angi), and Spencer Rascoff (former CEO/Cofounder, Zillow).

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