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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.
About Honeycomb Insurance
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$94.7M
Headquarters
Chicago, Illinois
Founded
2019
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Simplify's Take
What believers are saying
- $40M funding accelerates expansion into new states and enhances agent-facing AI tools by 2026
- Roof-condition AI model unlocks coverage for 80% of underserved multifamily buildings built before 2000
- Expansion to 24 states in June 2026 covers over $100B in assets serving landlords and HOAs
What critics are saying
- Legacy carriers like Travelers and Chubb invest $1B+ in AI underwriting, eroding Honeycomb's tech advantage within 9 months
- Oregon and Nevada regulators may impose stricter AI disclosure rules requiring physical inspections for non-admitted products in 6 months
- Catastrophe loss surge in 2026–2027 could trigger $8B+ claims exceeding Honeycomb's $95M capital buffer, risking insolvency
What makes Honeycomb Insurance unique
- Honeycomb is the only place to buy condo/apartment master policy online in under 3 minutes
- Honeycomb uses AI and computer vision to underwrite each property individually without physical inspections
- Honeycomb offers up to 40% savings by combining proprietary tech with expert advice for HOAs
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Funding
Total Funding
$94.7M
Above
Industry Average
Funded Over
4 Rounds
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
↑ 2%2 year growth
↑ 25%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 13 Jobs on Simplify!
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About Honeycomb Insurance
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$94.7M
Headquarters
Chicago, Illinois
Founded
2019
Honeycomb Insurance is Hiring for 13 Jobs on Simplify!
Find jobs on Simplify and start your career today