Block Renovation raises $ 40 million in funding

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Block renovation, a New York-based home improvement platform that uses technology to simplify and improve home renovations, has raised $ 40 million in funding.

The round was led by Giant Ventures with participation from NEA, Morningside, Lerer Hippeau and Obvious Ventures.

The company, which has raised $ 54 million in venture capital funding to date, intends to use the funds to continue to expand its operations and commercial reach.

Led by co-founders T. Luke Sherwin and Koda Wang, as well as COO Scott Tracy-Inglis, Block is a home improvement platform that uses technology to simplify and improve home renovations. The platform brings together designers, contractors and suppliers to create a premium and streamlined consumer product. Starting with the bathroom and kitchen, the company offers homeowner clients a predictable remodel with a dedicated designer, pre-approved general contractor, and access to their design system and homeowner tool suite. . For entrepreneurs and designers, the platform offers a flow of projects that have been assessed, measured and verified for feasibility.

Launched in 2018 for New York City, the company has seen triple-digit growth after completing hundreds of residential projects in New York City and now Los Angeles. Block is also rolling out its second product: Kitchens, which uses LiDAR-enabled site surveying, 3D visualization, and quality design standards to reduce overall construction time and design and planning time.

FinSME

07/20/2021


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