Block Renovation Funding, Investors & Competitors

Block Renovation has raised $104M across 4 funding rounds, most recently a $50M Series C in November 2021.

Last Block Renovation funding round

$50M

Series C · Nov 2021

Cumulative funding Block Renovation raised

$104M

across 4 funding rounds

Key investors in Block Renovation

  • New Enterprise Associates
  • Lerer Hippeau
  • Obvious Ventures
  • Giant Ventures
  • SoftBank Group
  • SV Angel
  • BoxGroup
  • Morningside

Block Renovation Overview

About Block Renovation

Block Renovation is a New York-based technology platform that digitizes the home renovation process for homeowners and contractors. Founded in 2018 by Koda Wang and Luke Sherwin, it combines design, construction, and materials procurement into a single streamlined process, using AI-powered tools for planning, contractor matching, quoting, and project management while giving homeowners visibility into price, timeline, and quality. The company expanded its reach in 2025 through the acquisition of BuildZoom, a contractor-matching marketplace, creating a broader platform spanning renovation and new-build construction projects.


Founded

2017

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Block Renovation Funding History

Block Renovation has raised a total of $104M across 4 funding rounds.

Block Renovation's first fundraising round was a $5M seed round in May 2018. The most recent completed round was a $50M Series C in November 2021.

Block Renovation funding rounds

Block Renovation funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2021Series CSoftBank Group (lead)$50MBlock Renovation is a technology platform that digitizes and simplifies the home renovation experience for homeowners and contractors. The company operates in the $450 billion U.S. home renovation market, providing a streamlined experience that combines design, construction, and materials procurement while giving homeowners transparency on outcomes, quality, price, and timeline. The company was founded in 2018 by Koda Wang and Luke Sherwin and is based in New York. Block Renovation announced a $50 million Series C funding round in November 2021 led by SoftBank Vision Fund 2, with participation from existing investors Giant Ventures, NEA, Morningside, and Lerer Hippeau, plus individual investors including Opendoor CEO Eric Wu, Angi CEO Oisin Hanrahan, and Zillow co-founder Spencer Rascoff. This round brought the company's total venture funding to $104 million since inception. The company was experiencing rapid growth at the time, with leadership reporting they were "doubling and tripling" growth metrics year-over-year, and the Series C announcement came just four months after a $40 million Series B round in July 2021.
Jul 2021Series BGiant Ventures (lead); Lerer Hippeau; New Enterprise Associates; Obvious Ventures; Morningside$40MBlock Renovation is a technology platform that digitizes and simplifies the home renovation experience for homeowners and contractors, transforming the $450-500 billion renovation industry by combining design, construction, and materials into a streamlined process with AI-powered planning, matching, quoting, and project management tools. The company launched in markets like New York and expanded to Los Angeles with the introduction of kitchen renovations around its Series B funding. Investors include prominent figures such as interior designer Kelly Wearstler, Ann Sacks, Eric Wu of Opendoor, Oisin Hanrahan of Angi, and Spencer Rascoff of Zillow, alongside venture firms. On July 19, 2021, Block Renovation raised $40 million in a Series B funding round led by Giant Ventures, with participation from New Enterprise Associates (NEA), Morningside, Lerer Hippeau, and Obvious Ventures. This round brought the company's total funding to $54 million at that time, following a prior $10-14 million unspecified round in 2019. The capital supported launches in new markets like Los Angeles. Subsequently, on November 9-10, 2021, Block Renovation closed a $50 million Series C round led by SoftBank Vision Fund 2, with continued participation from Giant Ventures, NEA, Morningside, and Lerer Hippeau, pushing total funding to approximately $100-104 million across three or four rounds. The Series C funded national expansion plans for 2022 and further digitization of renovations. The company has completed thousands of projects and positions itself against a fragmented market by offering certainty on price, time, quality, and payment protection.
May 2019Series ANew Enterprise Associates (lead); Lerer Hippeau; Future Positive; Obvious Ventures; Giant Ventures$10M-
May 2018SeedNew Enterprise Associates (lead); Lerer Hippeau; Equal Ventures; SV Angel; BoxGroup; Firstminute Capital; Rainfall Ventures$5MBlock Renovation raised $4.5 million in a seed round on May 1, 2018, led by New Enterprise Associates with participation from Lerer Hippeau, Rainfall Ventures, Equal Ventures, Firstminute Capital, BoxGroup, and SV Angel. The company, founded in 2018 by Koda Wang and T. Luke Sherwin, operates as a platform that digitizes and simplifies home renovations, initially focusing on bathrooms in New York City before expanding to kitchens and other markets like Los Angeles.

Who has invested in Block Renovation?

12 investors have backed Block Renovation across its funding rounds, including New Enterprise Associates, Lerer Hippeau, Obvious Ventures, Giant Ventures, SoftBank Group and SV Angel.

Lead investors include SoftBank Group, Giant Ventures and New Enterprise Associates.


Block Renovation Investors

Investors in Block Renovation by funding rounds participated
InvestorHQRoundsRoleFirst check
Lerer HippeauUnited StatesNew York City, NY3ParticipantMay 2018
New Enterprise AssociatesUnited StatesSan Francisco, CA3LeadMay 2018
Obvious VenturesUnited StatesSan Francisco, CA2ParticipantMay 2019
Giant VenturesUnited KingdomLondon2LeadMay 2019
Equal VenturesUnited StatesNew York City, NY1ParticipantMay 2018
Future PositiveUnited StatesSan Francisco, CA1ParticipantMay 2019
SV AngelUnited StatesSan Francisco, CA1ParticipantMay 2018
SoftBank GroupJapanTokyo1LeadNov 2021
BoxGroupUnited StatesNew York City, NY1ParticipantMay 2018
Firstminute CapitalUnited KingdomLondon1ParticipantMay 2018

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Acquisitions by Block Renovation

Block Renovation has acquired 1 company to date.

Last acquisition by Block Renovation was on November 6th 2025. Block Renovation acquired BuildZoom for undisclosed valuation.


Latest Acquisitions by Block Renovation

BuildZoom
Description
BuildZoom is a San Francisco-headquartered online marketplace matching homeowners with licensed contractors and architects across the United States. The platform uses permit data and reviews to score professionals on 1,000 projects. It streamlines permitting, financing via partners like Stripe, and insurance checks. Serving 50 states, BuildZoom facilitated $10 billion in projects since 2011, focusing on kitchen remodels, additions, and roofing.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date6 Nov 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Block Renovation Competitors

Block Renovation competitors include listed companies like Quanta Services and Vinci, and private ones like PAPA GROUP, Housecall Pro, Samara and Interhouse.cn.

Public and private companies comparable to Block Renovation
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PAPA GROUPHong KongHong KongPrivate-$201M$1.4B-
Housecall ProUnited StatesDenver, COPrivate--$1.1B-
SamaraUnited StatesNew York City, NYPrivate--$118M-
Interhouse.cnChinaBeijingPrivate--$116M-
Quanta ServicesUnited StatesUnited StatesPublicly listed$28B$2.5B$93B2.7x
VinciFranceFrancePublicly listed$87B$16B$71B1.1x

Block Renovation Public Comps

Block Renovation is still privately-owned, but its public comps include Quanta Services, Vinci, CRH, Comfort Systems USA, Larsen & Toubro, Samsung C&T, Ferrovial, Martin Marietta Materials, Hochtief and EMCOR Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Quanta Services$28B$2.5B3.5x2.7x38.8x26.3x
Vinci$87B$16B1.2x1.1x6.4x6.3x
CRH$37B$7.6B2.0x1.9x10.0x9.4x
Comfort Systems USA$9.1B$1.4B5.9x4.5x37.9x25.4x
Larsen & Toubro$30B$3.1B2.1x2.0x19.9x19.2x
Samsung C&T$30B$3.8B1.5x1.4x11.9x13.2x
Ferrovial$11B$2.1B4.4x4.2x23.0x27.2x
Martin Marietta Materials$6.2B$2.1B6.7x5.8x19.8x17.1x

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Common questions about Block Renovation

When was Block Renovation founded?Block Renovation was founded in 2017.
Where is Block Renovation headquartered?Block Renovation is headquartered in United States.
Is Block Renovation publicly listed?No, Block Renovation is a private, VC-backed company.
How much funding has Block Renovation raised?Block Renovation has raised $104M across 4 funding rounds.
What was Block Renovation's last funding round?Block Renovation's last funding round was a $50M Series C in November 2021, led by SoftBank Group.
Who are Block Renovation's investors?Block Renovation's investors include Lerer Hippeau, New Enterprise Associates, Obvious Ventures, Giant Ventures, Equal Ventures, Future Positive, SV Angel, SoftBank Group, BoxGroup, Firstminute Capital and 2 others.
Which companies are comparable to Block Renovation?Companies comparable to Block Renovation include PAPA GROUP, Housecall Pro, Samara, Interhouse.cn, Quanta Services and Vinci.
How many companies has Block Renovation acquired?Block Renovation has acquired 1 company, including BuildZoom.

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