About Block Renovation
Block Renovation is a company based in Brooklyn (United States) founded in 2017.. Block Renovation has raised $109.46 million across 4 funding rounds from investors including Lerer Hippeau, SoftBank Vision Fund and Oisin Hanrahan. Block Renovation offers products and services including Renovation Platform, Consultation Services, and Block Protections. Block Renovation operates in a competitive market with competitors including Houzz, Wrench Group, Plunk, Lessen and Sweeten, among others.
- Headquarter Brooklyn, United States
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Sectors
Business ServicesReal Estate & Construction Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Block Ny Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$109.46 M (USD)
in 4 rounds
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Latest Funding Round
$50 M (USD), Series C
Nov 09, 2021
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Investors
Lerer Hippeau
& 15 more
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Employee Count
Employee Count
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Products & Services of Block Renovation
Block Renovation offers a comprehensive portfolio of products and services, including Renovation Platform, Consultation Services, and Block Protections. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for planning and executing home renovations with contractor matching.
Free consultations to discuss renovation goals and budgets.
Services offering price assurance and workmanship warranties.
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Funding Insights of Block Renovation
Block Renovation has successfully raised a total of $109.46M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $50.0M
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First Round
First Round
(30 Mar 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series C - Block Renovation | Valuation | SoftBank Vision Fund | |
| Jul, 2021 | Amount | Series B - Block Renovation | Valuation | Giant Ventures | |
| May, 2019 | Amount | Series A - Block Renovation | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Block Renovation
Block Renovation has secured backing from 16 investors, including angel and venture fund investors. Prominent investors backing the company include Lerer Hippeau, SoftBank Vision Fund and Oisin Hanrahan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are provided to transformative technology companies.
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Investing in early-stage tech companies and ideas.
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Provider of venture capital investments across planetary, human, and economic health
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Block Renovation
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Block Renovation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Block Renovation Comparisons
Competitors of Block Renovation
Block Renovation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Houzz, Wrench Group, Plunk, Lessen and Sweeten, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Home design, decorating, and renovation platform is operated online.
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| domain | founded_year | HQ Location |
Web application that enables tradesmen to create customized preventive maintenance programs
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| domain | founded_year | HQ Location |
AI-driven property appraisal software is provided for real estate professionals.
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| domain | founded_year | HQ Location |
Lessen was founded in 2019 in Valencia, Spain.
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| domain | founded_year | HQ Location |
Homeowners are matched with vetted contractors through an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Block Renovation
Frequently Asked Questions about Block Renovation
When was Block Renovation founded?
Block Renovation was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Block Renovation located?
Block Renovation is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Block Renovation?
Julie Kheyfets is the current CEO of Block Renovation.
Is Block Renovation a funded company?
Block Renovation is a funded company, having raised a total of $109.46M across 4 funding rounds to date. The company's 1st funding round was a Series A of $14.94M, raised on Mar 30, 2018.
What does Block Renovation do?
Block Renovation was founded in 2017 and is based in Brooklyn, United States. Services focus on bathroom and kitchen renovations within the home improvement sector. Projects are described by users during consultations, after which quotes for selected designs are issued. An all-in-one package is offered, encompassing raw materials, labor, architectural designs, and overall project execution.
Who are the top competitors of Block Renovation?
Block Renovation's top competitors include Houzz, Wrench Group and HomeAdvisor.
What products or services does Block Renovation offer?
Block Renovation offers Renovation Platform, Consultation Services, and Block Protections.
Who are Block Renovation's investors?
Block Renovation has 16 investors. Key investors include Lerer Hippeau, SoftBank Vision Fund, Oisin Hanrahan, Kelly Wearstler, and SV Angel.
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