About Hona
Hona is a company based in Lehi (United States) founded in 2021 by Joshua Christensen, Matt McClellan, and Manny Griffiths. It operates as a SaaS (Software-as-a-Service). Hona has raised $11.72 million across 2 funding rounds from investors including Costanoa, Y Combinator and Ludlow Ventures. Hona offers products and services including Hona Client Portal, Voice AI, and Engage. Hona operates in a competitive market with competitors including AppFolio, Uptrust, Darrow, AriadNEXT and Lawcadia, among others.
- Headquarter Lehi, United States
- Founders Joshua Christensen, Matt McClellan, Manny Griffiths
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Sectors
Professional & Legal Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.72 M (USD)
in 2 rounds
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Latest Funding Round
$11.22 M (USD), Series A
Apr 12, 2024
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Investors
Costanoa
& 3 more
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Employee Count
Employee Count
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Products & Services of Hona
Hona offers a comprehensive portfolio of products and services, including Hona Client Portal, Voice AI, and Engage. 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.
Client communication portal is provided for law firms.
Virtual receptionist service is offered for 24/7 support.
Automated case updates are delivered to law clients.
Funding Insights of Hona
Hona has successfully raised a total of $11.72M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11.22 million completed in April 2024. 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 2
- Last Round Series A — $11.2M
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First Round
First Round
(01 Jun 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Hona | Valuation | Costanoa | |
| Jun, 2023 | Amount | Seed - Hona | Valuation | Y Combinator |
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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 Hona
Hona has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Costanoa, Y Combinator and Ludlow Ventures. 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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Venture capital firm focused on early stage fintech, data, AI, and security companies
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital is invested in US sectors by Ludlow Ventures.
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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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Founded Year | Domain | Location | |
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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 Hona
| 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 - Hona
| 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 |
Hona Comparisons
Competitors of Hona
Hona 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 AppFolio, Uptrust, Darrow, AriadNEXT and Lawcadia, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven property management software for owners and residential property managers
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Court date reminders are sent through integrated communication platform.
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| domain | founded_year | HQ Location |
Legal cases are monitored and managed via AI platform.
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| domain | founded_year | HQ Location |
ID document verification is conducted for anti-fraud and identity management.
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| domain | founded_year | HQ Location |
B2B marketplace for legal procurement services between SMB's and big law firms
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Security platform offering AI-powered threat detection and analytics for enterprises.
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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 Hona
Frequently Asked Questions about Hona
When was Hona founded?
Hona was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Hona located?
Hona is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Who is the current CEO of Hona?
Manny Griffiths is the current CEO of Hona. They have also founded this company.
Is Hona a funded company?
Hona is a funded company, having raised a total of $11.72M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2023.
What does Hona do?
Hona is focused on providing client communication solutions tailored for law firms. Automated tools and AI-driven services are offered to streamline client interactions, case updates, and intake processes. Integration with popular CRM and CMS platforms is supported to minimize manual data entry. Services are designed to serve various legal practice areas including personal injury, family law, and criminal law across North America. Client engagement is enhanced through branded webchats, two-way messaging, and real-time case tracking.
What products or services does Hona offer?
Hona offers Hona Client Portal, Voice AI, and Engage.
Who are Hona's investors?
Hona has 4 investors. Key investors include Costanoa, Y Combinator, Ludlow Ventures, and Soma Capital.
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