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
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Honcho Markets Ltd
- Date of Incorporation 28 Aug, 2014
- Jurisdiction LONDON
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Annual Revenue
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Net Profit
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EBITDA
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Seed — $1.5M
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First Round
First Round
(04 Jan 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Seed - Honcho | Valuation |
investors |
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| Jul, 2020 | Amount | Seed - Honcho | Valuation | Maven Capital Partners , InsurTech.vc |
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| Apr, 2020 | Amount | Seed - Honcho | Valuation | Insurtech Gateway |
| 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 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. 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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Insurtech Gateway is focused on incubating and funding insurtech startups.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Private debt is extended to early-stage companies and SMEs.
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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 Honcho
| 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 - Honcho
| 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 |
Honcho Comparisons
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. 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Auto insurance and vehicle services are provided via mobile app.
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| domain | founded_year | HQ Location |
Short-term auto insurance is distributed via an online platform.
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| domain | founded_year | HQ Location |
Vehicle insurance services are provided via an online platform.
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| domain | founded_year | HQ Location |
App-based platform to track driving patterns and calculate driving scores
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| domain | founded_year | HQ Location |
Cloud-based platform for cyber risk underwriting is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Honcho
Frequently Asked Questions about Honcho
When was Honcho founded?
Honcho was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Honcho located?
Honcho is headquartered in Gateshead, United Kingdom. It is registered at Gateshead, England, United Kingdom.
Who is the current CEO of Honcho?
Gavin Sewell is the current CEO of Honcho. They have also founded this company.
Is Honcho a funded company?
Honcho is a funded company, having raised a total of $7.94M across 8 funding rounds to date. The company's 1st funding round was a Seed of $1.48M, raised on Jan 04, 2018.
How many employees does Honcho have?
As of Sep 30, 2021, the latest employee count at Honcho is 10.
What does Honcho do?
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.
Who are the top competitors of Honcho?
Who are Honcho's investors?
Honcho has 4 investors. Key investors include Maven Capital Partners, Insurtech Gateway, Northern Powerhouse Investment Fund, and InsurTech.vc.