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Honey Insurance, an Australian insurtech company based in The Rocks, Sydney, provides smart home insurance using sensors and AI to proactively detect and prevent common household incidents. The company has secured approximately $89.2 million in total funding across two rounds, including a $108 million Series A led by Gallatin Point Capital. Valued at an estimated $128 million, Honey Insurance employs between 101 and 200 individuals and serves approximately 40,000 users. It underwrites policies through partner RACQ, offering home, contents, and landlord coverage with free smart sensors and premium discounts. Key investors and partners include PEXA, Metricon, Mirvac, and AGL, with individuals like Larry Diamond (Zip) and Anthony Eisen (Afterpay) also involved. Honey Insurance was founded in 2020 by Richard Joffe.
Honey Insurance has raised $119.9M across 2 funding rounds.
Honey Insurance has raised $119.9M in total across 2 funding rounds.
Honey Insurance has raised $119.9M in total across 2 funding rounds.
Honey Insurance's investors include Gallatin Point Capital, ABN Group, AGL, Apex Capital, Metricon, Mirvac, PEXA, David Carter, SFG, Anthony Eisen, Graham Mirabito, Jamie McPhee.
Honey Insurance has raised $119.9M across 2 funding rounds. Most recently, it raised $108.0M Series A in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 8, 2024 | $108M Series A | Gallatin Point Capital | — | Announced |
| Jun 16, 2021 | $11.9M Seed | ABN Group, AGL, Apex Capital, Metricon, Mirvac, Pexa, David Carter, SFG | Anthony Eisen, Graham Mirabito, Jamie Mcphee, Larry Diamond, Peter Tonagh, TIM Fung | Announced |