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Honeycomb Credit raised $6 million in Seed+ funding co-led by SustainVC, Muditā Venture Partners, and the American Family Insurance Institute for Corporate and Social Impact.

Jun 18, 2024over 1 year ago

Amount Raised

$6 Million

Round Type

seed

PittsburhFinancial Services

Investors

American Family Insurance Institute For Corporate And Social ImpactMuditā Venture PartnersSustain Vc

Description

Honeycomb Credit, a bank replacement platform that provides loans to smaller businesses, has raised $6 million in Seed+ funding to boost their mobile experience for in-store investing and expand their reach to support even more small businesses nationwide.

Company Information

Company

Honeycomb Credit

Location

6008 BROAD STREET

Pittsburh, Pennsylvania, United States

About

Honeycomb Credit is building communities, one small business at a time. Our website allows great local businesses to borrow expansion loans from their own loyal customers. Businesses get access to fair credit, while investors can now invest locally while supporting their favorite small businesses. If you are looking to grow your business or if you want to put your hard-earned money to work in your community, then we'd love to hear from you.

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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