Honeybook is a startup that offers a software-as-a-service platform for small businesses to manage their operations. The company announced today that it has raised $155 million in Series B funding, led by Azevedo TechnologyCrunch.
1. Honeybook SMBs 155M 1B Ann Azevedo TechCrunch
1 Honeybook SMBs 155M 1B Ann Azevedo TechCrunch
Honeybook, a startup that provides software to small businesses, has raised $155 million in a new funding round.
The round was led by Accel, with participation from previous investors Bessemer Venture Partners and Social Capital. Honeybook has now raised a total of $287 million since it was founded in 2013.
The new funding comes as Honeybook is seeing strong growth in its business. The company says that it now has more than 1 million paying customers, up from 600,000 a year ago. And those customers are paying Honeybook more, with the average revenue per paying customer increasing 50% over the last year.
Honeybook is also seeing increasing demand for its services from larger businesses. The company says that it has doubled the number of enterprise customers it has over the last year.
Honeybook says that it will use the new funding to continue investing in its product and expanding its team. The company plans to hire more than 100 new employees in the next year, with a focus on sales, marketing, and customer success.
Honeybook CEO and co-founder Oz Alon says that the company is seeing strong demand for its product from small businesses that are looking for ways to automate and streamline their operations.
“What we’re seeing is that small businesses are really struggling with the day-to-day operational challenges of running their businesses,” Alon says. “They’re looking for ways to automate and streamline their operations, and that’s where Honeybook comes in.”
Alon says that Honeybook is seeing particularly strong demand from businesses in the wedding and event planning industry. He says that the company is seeing more interest from larger businesses in that industry as well, as they look for ways to streamline their operations.
“The wedding and event industry is a great example of an industry that is ripe for automation,” Alon says. “There are a lot of repetitive tasks and a lot of coordination that needs to happen. And so we’re seeing a lot of interest from larger businesses in that industry as well.”
The wedding and event
2. Azevedo: Honeybook SMBs 155M 1B Ann
HoneyBook, a provider of business management software for small businesses, announced today that it has raised $155 million in a Series D funding round led by Accel.
This brings the total amount of funding raised by the company to over $1 billion.
HoneyBook plans to use the new funding to continue its expansion into new markets and to invest in new product offerings.
The company has seen significant growth in recent years, with its revenue increasing by over 50% in the last year.
HoneyBook has been able to attract some of the biggest names in the venture capital world, with Accel joining previous investors such as Sequoia Capital and Kleiner Perkins.
The company was founded in 2013 and is headquartered in San Francisco.
3. TechCrunch: Azevedo – Honeybook SMBs 155M 1B Ann
San Francisco-based HoneyBook, a provider of business management software for small businesses, has raised $155 million in a Series D funding round led by New Enterprise Associates (NEA).
This latest round of funding takes the total amount raised by the company to $290 million since it was founded in 2013.
HoneyBook says that it will use the new funding to continue its expansion into new markets and to develop new features for its software platform.
The company’s software is used by small businesses in a variety of industries, including event planning, wedding planning, and photography.
HoneyBook says that its software helps businesses save time by automating tasks such as invoicing, payments, and client communication.
The company claims that its software is used by more than 50,000 businesses in over 100 countries.
HoneyBook’s main competitors are Bizness Apps and Appy Pie.
Bizness Apps is a DIY platform that allows businesses to create their own mobile apps without any coding knowledge.
Appy Pie is a similar platform that offers a wider range of features, including a drag-and-drop interface, templates, and the ability to create custom apps.
4. Azevedo: TechCrunch – Honeybook SMBs 155M 1B Ann
Azevedo TechCrunch Honeybook SMBs 155M 1B Ann
Honeybook, a tool for small businesses to manage their finances and operations, has raised $155 million in a new round of funding led by Accel.
The company, which was founded in 2013, provides a suite of tools to help businesses with tasks like invoicing, bookkeeping, and appointment scheduling. It also offers a marketplace where businesses can find service providers.
Honeybook says that it has more than 1 million users in over 100 countries. The company plans to use the new funding to expand its team and its product offerings.
“We’re on a mission to make it easy for small businesses to get paid, stay organized, and work smarter,” said Honeybook CEO and co-founder Oz Alon.
“The new round of funding will allow us to continue to invest in our product and team, so that we can help even more small businesses thrive.”