Insurtech Startup Honeycomb Raises $15.4MM in Series A Round, Led by Ibex Investors
The U.S. and Israel-based company, which only began writing U.S. policies in June of 2021, now operates in four states -- Illinois, Arizona, Michigan, and Ohio – with plans this year to launch in ten more states covering 60% of the country. Honeycomb expects to insure more than $1B of real estate assets by the end of Q1 2022.
- DENVER and TEL AVIV, Israel, Jan. 20, 2022 /PRNewswire/ -- Honeycomb today announced that it has raised $15.4 million in a Series A funding round led by Ibex Investors .
- Honeycomb expects to insure more than $1B of real estate assets by the end of Q1 2022.
- "Honeycomb is poised to change the game of real estate insurance," said Gal Gitter, partner at Ibex Investors.
- Honeycomb is backed by top institutional and private investors including IBEX Investors, SiriusPoint Ltd, Phoenix Insurance, New Era Capital Partners, IT-Farm Corporation, Sure Ventures, and Distributed Ventures (FKA NFP Ventures).