About Honorlock
Honorlock is a company based in Boca Raton (United States) founded in 2014.. Honorlock has raised $39.25 million across 4 funding rounds from investors including Arsenal Growth Equity, Owl Ventures and defy vc. Honorlock offers products and services including Live Pop-In, Cell Phone Detection, BrowserGuard, Search & Destroy, and Analytics Hub. Honorlock operates in a competitive market with competitors including Mettl, Examity, ProctorFree, ProctorU and HigherNext, among others.
- Headquarter Boca Raton, United States
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Sectors
Education
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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 Honorlock 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
$39.25 M (USD)
in 4 rounds
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Latest Funding Round
$25 M (USD), Series B
Apr 27, 2021
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Investors
Arsenal Growth Equity
& 5 more
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Employee Count
Employee Count
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Products & Services of Honorlock
Honorlock offers a comprehensive portfolio of products and services, including Live Pop-In, Cell Phone Detection, BrowserGuard, Search & Destroy, and Analytics Hub. 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.
Combines live proctors and AI for real-time exam security monitoring
Detects secondary devices to prevent cheating during tests
Blocks access to unauthorized websites and shortcuts in exams
Searches for and removes leaked exam content online
Provides insights on exam usage and potential issues
Unlock access to complete
Funding Insights of Honorlock
Honorlock has successfully raised a total of $39.25M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in April 2021. 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 4
- Last Round Series B — $25.0M
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First Round
First Round
(11 Aug 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series B - Honorlock | Valuation | Owl Ventures | |
| Mar, 2020 | Amount | Series A - Honorlock | Valuation | Neil Sequeira |
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| Apr, 2019 | Amount | Angel Round - Honorlock | Valuation | Daniel Cane , Michael Hemlepp |
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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 Honorlock
Honorlock has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Arsenal Growth Equity, Owl Ventures and defy vc. 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 edtech companies are made by Owl Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are made in US geographies.
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Founded Year | Domain | Location | |
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US focused VC firm
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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 Honorlock
| 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 - Honorlock
| 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 |
Honorlock Comparisons
Competitors of Honorlock
Honorlock 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 Mettl, Examity, ProctorFree, ProctorU and HigherNext, 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 assessments for pre-hires and employees' skills are conducted.
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| domain | founded_year | HQ Location |
Proctored examination provider
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| domain | founded_year | HQ Location |
Online platform providing proctoring solutions
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| domain | founded_year | HQ Location |
Distance proctoring for online exams
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| domain | founded_year | HQ Location |
Online proctoring and test administration platform is operated.
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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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Frequently Asked Questions about Honorlock
When was Honorlock founded?
Honorlock was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Honorlock located?
Honorlock is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Who is the current CEO of Honorlock?
Michael Hemlepp is the current CEO of Honorlock.
Is Honorlock a funded company?
Honorlock is a funded company, having raised a total of $39.25M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $2.5M, raised on Aug 11, 2017.
What does Honorlock do?
Honorlock was founded in 2014 and is headquartered in Boca Raton, United States. An online proctoring platform is provided to educational institutions, supported by in-house proctors, in-browser monitoring, and student authentication processes. Features encompass web content blocking related to testing, browser restrictions on printing and clipboard functions, and mobile device detection even outside webcam view. Clients served include Santa Fe College, Florida International University, and Eastern Washington University.
Who are the top competitors of Honorlock?
What products or services does Honorlock offer?
Honorlock offers Live Pop-In, Cell Phone Detection, BrowserGuard, Search & Destroy, and Analytics Hub.
Who are Honorlock's investors?
Honorlock has 6 investors. Key investors include Arsenal Growth Equity, Owl Ventures, defy vc, Neil Sequeira, and Daniel Cane.