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Israeli small enterprise administration platform HoneyBook at present introduced the completion of a $250 million Collection E fairness financing spherical led by Tiger International Administration with participation from Sturdy Capital Companions, Norwest Enterprise Companions, Citi Ventures and OurCrowd. The financing spherical was accomplished at an organization valuation of $2.5 billion, greater than double the valuation of $1.1 billion, when Honeybook raised $155 million in Might.
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Small enterprise platform HoneyBook raises $155m
HoneyBook has developed a monetary administration platform for small companies and the self-employed, which has seen bookings of greater than $1.9 billion on the platform in 2021 up to now. HoneyBook members’ whole bookings have now surpassed $5 billion.
HoneyBook was based in 2013 by CEO Oz Alon, CPO Naama Alon and CTO Dror Shimoni as an occasion administration platform however switched course when it realized the shift within the US labor market. The corporate has 130 workers, half of them at its growth middle in Tel Aviv, and the remainder within the US.
Alon stated, “The workforce of at present is looking for higher autonomy over their careers, flexibility in the way in which they reside their lives and success from the work they do-and that’s what it means to be an impartial. HoneyBook empowers enterprise house owners with the instruments and assets they should personal their independence with ardour and objective.”
HoneyBook’s platform permits enterprise house owners to arrange their processes right into a streamlined consumer stream and effectively handle their money stream. This contains embedded monetary companies like funds and the corporate’s lately launched capital product.
HoneyBook’s capital product affords eligible members entry to the funds they should develop their enterprise and seamlessly integrates the reimbursement course of transparently into their present transactions.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 3, 2021.
© Copyright of Globes Writer Itonut (1983) Ltd., 2021.
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