Home improvement e-commerce operation OurHouse.com, launched only last December,
closed on $30 million in new debt and equity financing from Comdisco
Ventures, Transamerica Technology Finance and Relational Funding Corp.
The company previously received $20 million in venture capital funding, as
well as $5 million in initial financial backing from bricks and mortar retail
giant Ace Hardware.
“This funding round gives us greater operational flexibility,” said Peter
Stelian, founder and chief financial officer of OurHouse.com. “It allows us
to build on our current success with consumers and remain solely focused on
being the premiere online destination for home solutions.”
Partnered with Ace Hardware, OurHouse.com offers consumers how-to information
and services along with access to more than 30,000 products.