About Honeycomb Insurance
Honeycomb Insurance is a company based in Denver (United States) founded in 2019 by Itai Ben-Zaken.. Honeycomb Insurance has raised $54.7 million across 3 funding rounds from investors including Phoenix Group, SiriusPoint and Zeev Ventures. Honeycomb Insurance offers products and services including Condo Association Insurance, Landlord Insurance, and Apartment Building Insurance. Honeycomb Insurance operates in a competitive market with competitors including SageSure, Matic Insurance, Azibo, SmartFinancial and National Homeowners Insurance, among others.
- Headquarter Denver, United States
- Founders Itai Ben-Zaken
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Sectors
Financial 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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- Legal Name Honeycomb Programs Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.7 M (USD)
in 3 rounds
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Latest Funding Round
$36 M (USD), Series B
May 07, 2024
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Investors
Phoenix Group
& 11 more
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Employee Count
Employee Count
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Products & Services of Honeycomb Insurance
Honeycomb Insurance offers a comprehensive portfolio of products and services, including Condo Association Insurance, Landlord Insurance, and Apartment Building Insurance. 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.
Coverage for condo associations against property risks and liabilities.
Protection for landlords from property damage and tenant-related issues.
Insurance for apartment buildings to cover structural and operational risks.
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Funding Insights of Honeycomb Insurance
Honeycomb Insurance has successfully raised a total of $54.7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $36 million completed in May 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 3
- Last Round Series B — $36.0M
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First Round
First Round
(22 Jun 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series B - Honeycomb Insurance | Valuation | Zeev Ventures | |
| Jan, 2022 | Amount | Series A - Honeycomb Insurance | Valuation | Ibex Investors | |
| Jun, 2021 | Amount | Seed - Honeycomb Insurance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Honeycomb Insurance
Honeycomb Insurance has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Phoenix Group, SiriusPoint and Zeev 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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Investments in early-stage startups are made by Zeev Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by Launchbay Capital.
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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 Honeycomb Insurance
| 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 - Honeycomb Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Honeycomb Insurance Comparisons
Competitors of Honeycomb Insurance
Honeycomb Insurance 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 SageSure, Matic Insurance, Azibo, SmartFinancial and National Homeowners Insurance, 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 |
Online property insurance comparisons are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Provider home insurance quote solutions
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| domain | founded_year | HQ Location |
Digital banking and rent collection services are provided for landlords.
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| domain | founded_year | HQ Location |
Home insurance is compared and purchased through an online platform.
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| domain | founded_year | HQ Location |
Online platform for comparing auto and home insurance quotes from providers.
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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 Honeycomb Insurance
Frequently Asked Questions about Honeycomb Insurance
When was Honeycomb Insurance founded?
Honeycomb Insurance was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Honeycomb Insurance located?
Honeycomb Insurance is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of Honeycomb Insurance?
Itai Ben-Zaken is the current CEO of Honeycomb Insurance. They have also founded this company.
Is Honeycomb Insurance a funded company?
Honeycomb Insurance is a funded company, having raised a total of $54.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.3M, raised on Jun 22, 2021.
What does Honeycomb Insurance do?
Founded in 2019 and based in Denver, United States, Honeycomb Insurance operates as an AI-driven comparison platform within the real estate insurance sector. Quotes for commercial property, workers compensation, commercial general liability, excess liability, crime coverage, and additional options are facilitated. Services target property managers, building owners, homeowner associations, and developers, enabling streamlined comparisons across various insurance needs.
Who are the top competitors of Honeycomb Insurance?
Honeycomb Insurance's top competitors include Azibo, Matic Insurance and SageSure.
What products or services does Honeycomb Insurance offer?
Honeycomb Insurance offers Condo Association Insurance, Landlord Insurance, and Apartment Building Insurance.
Who are Honeycomb Insurance's investors?
Honeycomb Insurance has 12 investors. Key investors include Phoenix Group, SiriusPoint, Zeev Ventures, Arkin Holdings, and Launchbay VC.