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About Honeycomb Insurance
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$54.7M
Headquarters
Chicago, Illinois
Founded
2019
Overview
Honeycomb Insurance helps condo associations, HOAs, building owners, property managers, and developers obtain property and casualty insurance through affiliated insurers as a general agent. It covers multiple states and uses proprietary technology plus expert advice to deliver instant, hassle-free quotes and significant cost savings (up to ~40%), with a transparent, people-focused service model. The product works by matching clients with insurance providers via its platform, leveraging big data and AI to tailor coverage and pricing, and earning commissions on policies sold. The company differentiates itself with a tech-driven, client-centric approach that streamlines the insurance process, offers instant quotes, and focuses specifically on real estate-related risks. Its goal is to simplify real estate insurance, provide the best possible coverage at the most affordable price, and improve efficiency and transparency for its clients.
Simplify's Take
What believers are saying
- Secured $36M Series B in 2024 led by Zeev Ventures for expansion.
- Licensed in 19 states covering 50% U.S. population with $21B assets.
- Agent program allows brokers to bind policies online in 5 minutes.
What critics are saying
- Texas DOI revokes license #2384453 over denied AI claims by 2027.
- Obie undercuts with superior AI, capturing 30% share in CA, IL, TX.
- A- carrier downgrade from catastrophe losses forces rate hikes now.
What makes Honeycomb Insurance unique
- Honeycomb enables online condo master policy purchases in under 3 minutes.
- AI Inspector App bypasses physical inspections for instant quotes.
- Offers up to 40% savings on habitational insurance for older properties.
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Funding
Total Funding
$54.7M
Meets
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Stock Options
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↑ 23%Honeycomb Insurance launches instant eligibility program AQ.
Honeycomb, a digital insurer based in Chicago, has secured $36M in a Series B funding round led by Zeev Ventures. Participants included Arkin Holdings, Launchbay Capital, and existing investors. The funds will be used to expand into new insurance markets and enhance AI-driven insurance solutions. Honeycomb, currently operating in 16 U.S. states and insuring over $21 billion in real estate assets, plans to triple this figure in the next year.
Honeycomb Insurance, an Israeli insurance startup founded in 2019 and headquartered in San Francisco, has raised $36 million in a Series B funding round. The round was led by Zeev Ventures, with participation from Arkin Holdings, Launchbay Capital, Ibex Investors, Phoenix Insurance, and IT-Farm. This brings Honeycomb's total funding to $55 million. The company, which offers coverage for landlords and various housing associations, operates in sixteen states in partnership with Accredited Surety and Casualty Company.
Backed by Zeev Ventures, the fast-growing digital landlord insurance provider will use funding to expand into additional insurance markets and accelerate innovation of AI-powered insurance solutions
Honeycomb Insurance grabs $36M Series B from solo vc-led Zeev Ventures.
Honeycomb Insurance is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Honeycomb Insurance
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$54.7M
Headquarters
Chicago, Illinois
Founded
2019
Honeycomb Insurance is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today