Honeycomb Raises $15.4M in Series A Funding
- Honeycomb, a San Francisco, CA-, Denver, CO- and Tel Aviv, Israel-based insurtech strartup, raised $15.4m in Series A funding
- The round was led by Ibex Investors with participation from SiriusPoint Ltd, and existing investors
- The company expects to insure more than $1B of real estate assets by the end of Q1 2022
- The platform is a reinsurance-backed MGA providing multi-family property insurance through its end-to-end digital platform
- The company leverages proprietary user-generated data, advanced AI, and computer-vision to automate the underwriting process
- The company sells its policies directly via its own platform and through a hand-picked group of insurance brokers
