Address
Honeycomb Programs Inc
Chicago, IL
United States
Website
Industry
Business classification
VCID: 14397869
Profile
Corporate information
Official name
Honeycomb Programs Inc
Also known as
Honeycomb Insurance
Registration country
Official name
Honeycomb Programs Inc
Also known as
Honeycomb Insurance
Registration country
Investment activity status
Active investor
Company type
Provider of multi-family property insurance through its end-to-end digital platform.Overview
Honeycomb is a reinsurance-backed MGA providing simple, fair, and affordable multi-family property insurance through its end-to-end digital platform. With offices in Denver, San Francisco and Tel Aviv, Honeycomb leverages proprietary user-generated data, advanced AI, and computer-vision to automate the normally arduous and costly underwriting process. Honeycomb significantly improves the customer experience and provides tailored coverage at a competitive price point and at improved profit margins through its real-time rate/quote/bind offering and its data-driven "right-pricing" advantage.
Funding
Funding rounds
Series B USD 36,000,000
USD 36,000,000 (7 May 2024)
Funding to double headcount from 90 to 180 employees over the next 18 months, introduce new products, and expand iofferings to new markets.
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Zeev Ventures | Early-stage venture fund that invests in technology, financial, e-commerce, and consumer service sectors. | United States | Initial investment. Led the round. |
|
Arkin Holdings | Initial investment. Round participant. | ||
|
|
Launchbay Capital | Initial investment. Round participant. | ||
|
Ibex Investors LLC | Follow-on investment. Round participant. | ||
|
IT-Farm Corp | Japan | Follow-on investment. Round participant. | |
|
Phoenix Insurance Company Ltd | Israel | Follow-on investment. Round participant. |
Cap Table
Current and past shareholders
| Investor | Contacts | Round | |
|---|---|---|---|
|
|
Arkin Holdings |
Series B | |
|
|
Ibex Investors LLC |
Series B | |
|
|
IT-Farm Corp |
Series B | |
|
|
Launchbay Capital |
Series B | |
|
|
Phoenix Insurance Company Ltd |
Series B | |
|
|
Zeev Ventures Early-stage venture fund that invests in technology, financial, e-commerce, and consumer service sectors. |
+1 (650) 388-9883 |
Series B |