Honeycomb Insurance

Real estate insurance for property owners

Chicago, Illinois, United States

About Honeycomb Insurance

Honeycomb Insurance simplifies real estate insurance for condo associations, homeowners associations (HOAs), building owners, property managers, and developers. The company provides instant quotes and cost savings of up to 40% by using advanced technology and expert advice. Unlike competitors, Honeycomb focuses on a people-centered, tech-driven approach that streamlines the insurance process. Its goal is to make real estate insurance more efficient and accessible for a diverse range of clients.

Chicago, IllinoisHeadquarters

2019Year Founded

$53.2MTotal Funding

SERIES_BCompany Stage

AI & Machine Learning, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Stock Options

401(k) Retirement Plan

Unlimited Paid Time Off

Paid Holidays

Risks

Increased competition from other AI-driven insurtech firms could erode market share.

Regulatory challenges may arise as Honeycomb expands into new states.

Cybersecurity threats could compromise Honeycomb's technology and client data.

Differentiation

Honeycomb offers instant online condo building master policies, a unique market proposition.

The company uses AI to bypass traditional property inspections, enhancing efficiency.

Honeycomb's tech-driven model provides up to 40% cost savings for clients.

Upsides

Recent $36M Series B funding supports expansion and AI innovation.

Operating in 16 states, Honeycomb plans to triple insured assets next year.

AI-driven underwriting reduces costs and improves risk assessment accuracy.

Funding

Total raised$53.21 M

Latest valuation$180.00 M

StageSERIES_B

SERIES B

4/30/2024

$36

$180.00 M

SERIES A

12/31/2021

$15

$77.00 M

EARLY VC

5/31/2021

$16.50 M

Honeycomb Insurance

About Honeycomb Insurance

Benefits

Health Insurance

Stock Options

401(k) Retirement Plan

Unlimited Paid Time Off

Paid Holidays

Risks

Increased competition from other AI-driven insurtech firms could erode market share.

Regulatory challenges may arise as Honeycomb expands into new states.

Cybersecurity threats could compromise Honeycomb's technology and client data.

Differentiation

Honeycomb offers instant online condo building master policies, a unique market proposition.

The company uses AI to bypass traditional property inspections, enhancing efficiency.

Honeycomb's tech-driven model provides up to 40% cost savings for clients.

Upsides

Recent $36M Series B funding supports expansion and AI innovation.

Operating in 16 states, Honeycomb plans to triple insured assets next year.

AI-driven underwriting reduces costs and improves risk assessment accuracy.

Funding

SERIES B

SERIES A

EARLY VC

Backend Developer

Senior Specialty Underwriter, California

Director of Program Management

Senior Specialty Underwriter, East

Honeycomb Insurance

About Honeycomb Insurance

Benefits

Health Insurance

Stock Options

401(k) Retirement Plan

Unlimited Paid Time Off

Paid Holidays

Risks

Increased competition from other AI-driven insurtech firms could erode market share.

Regulatory challenges may arise as Honeycomb expands into new states.

Cybersecurity threats could compromise Honeycomb's technology and client data.

Differentiation

Honeycomb offers instant online condo building master policies, a unique market proposition.

The company uses AI to bypass traditional property inspections, enhancing efficiency.

Honeycomb's tech-driven model provides up to 40% cost savings for clients.

Upsides

Recent $36M Series B funding supports expansion and AI innovation.

Operating in 16 states, Honeycomb plans to triple insured assets next year.

AI-driven underwriting reduces costs and improves risk assessment accuracy.

Funding

SERIES B

SERIES A

EARLY VC

Remote Jobs at Honeycomb Insurance

Backend Developer

Senior Specialty Underwriter, California

Director of Program Management

Senior Specialty Underwriter, East