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Honey Insurance raises $108 million in Series A funding led by Gallatin Point Capital to expand its insurance offerings with smart home sensors.

Apr 08, 2024over 1 year ago

Amount Raised

$108 Million

Round Type

series a

AustraliaInsurance

Investors

Gallatin Point Capital

Description

Australian home insurance startup Honey Insurance has raised $108 million in a Series A funding round to expand its offerings with smart home sensors.

Company Information

Company

Honey Insurance

Location

Australia

About

Australian home insurance startup Honey Insurance offers home, renters, and landlord insurance through an underwriting relationship with Australian insurer RACQ. Customers receive three smart home sensors that they can use to monitor different aspects of the home.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech