About Honcho
Honcho is a company based in Gateshead (United Kingdom) founded in 2016 by Gavin Sewell. Honcho has raised $7.94 million across 8 funding rounds from investors including Maven Capital Partners, Insurtech Gateway and Northern Powerhouse Investment Fund. The company has 10 employees as of September 30, 2021. Honcho operates in a competitive market with competitors including Caura, Tempcover, Dayinsure, DriveScore and ThreatInformer, among others.
- Headquarter Gateshead, United Kingdom
- Employees 10 as on 30 Sep, 2021
- Founders Gavin Sewell
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Honcho Markets Ltd
- Date of Incorporation 28 Aug, 2014
- Jurisdiction LONDON
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$7.94 M (USD)
in 8 rounds
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Latest Funding Round
$1.51 M (USD), Seed
Jul 13, 2020
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Investors
Maven Capital Partners
& 3 more
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Employee Count
10
as on Sep 30, 2021
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Funding Insights of Honcho
Honcho has successfully raised a total of $7.94M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $1.51 million completed in July 2020. 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.
Investors in Honcho
Honcho has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Maven Capital Partners, Insurtech Gateway and Northern Powerhouse Investment Fund.
| Investor | Description | Founded Year | Domain | Location |
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Insurtech Gateway is focused on incubating and funding insurtech startups.
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Multiple sectors are targeted for private equity investments.
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Private debt is extended to early-stage companies and SMEs.
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Investor details for Honcho
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Investments & Acquisitions by Honcho
Investment portfolio details for Honcho
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Financial Statements - Honcho
Detailed financials for Honcho
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Honcho Comparisons
Peer comparison for Honcho
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Competitors of Honcho
Honcho 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 Caura, Tempcover, Dayinsure, DriveScore and ThreatInformer, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Auto insurance and vehicle services are provided via mobile app.
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Short-term auto insurance is distributed via an online platform.
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Vehicle insurance services are provided via an online platform.
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App-based platform to track driving patterns and calculate driving scores
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Cloud-based platform for cyber risk underwriting is provided.
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Detailed competitors of Honcho
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Latest news on Honcho
Complete news archive for Honcho
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Frequently Asked Questions about Honcho
Honcho was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Honcho is headquartered in Gateshead, United Kingdom. It is registered at Gateshead, England, United Kingdom.
Gavin Sewell is the current CEO of Honcho. They have also founded this company.
Honcho is a funded company, having raised a total of $7.94M across 8 funding rounds to date.
As of Sep 30, 2021, the latest employee count at Honcho is 10.
Honcho was founded in 2016 in Gateshead, United Kingdom, as an online marketplace in the auto insurance sector. Reverse auctions are facilitated, allowing insurers to bid and re-bid competitively for consumer business. Policies are offered at reduced rates, and individuals are enabled to purchase insurance directly via the platform. Operations focus on connecting drivers with insurers through this bidding mechanism.
Honcho has 4 investors. Key investors include Maven Capital Partners, Insurtech Gateway, Northern Powerhouse Investment Fund, and InsurTech.vc.