Honey Homes Raises $9.25 Million in Series A-1 Funding For Fast-Growing Home Upkeep Membership
May 16 2024 - 11:30AM
Business Wire
Proptech investor Era Ventures leads round as
Honey Homes targets further market growth
Honey Homes, the membership service delivering complete home
upkeep and maintenance, today announced it has raised $9.25 million
in Series A-1 funding led by Era Ventures with participation by
previous investors Khosla Ventures and Pear VC. The new capital
follows the company’s recent launch in Los Angeles – Honey Homes’
third market – and will be used to expand across California and
Texas in 2024 and introduce new service offerings. Honey Homes has
now raised over $21 million to unlock comfort and joy for more than
1,000 homeowners and counting.
Founded in 2021 in response to the difficulty homeowners
experience finding reliable vendors to complete ongoing and
immediate needs, Honey Homes is improving the $500 billion home
services industry. Members in the San Francisco Bay Area, Los
Angeles, and Dallas gain a dedicated, trusted handyperson who
visits twice-monthly to accomplish all of their home to-dos.
Support is amplified through the company’s mobile app, where
members can chat with Honey Homes’ expert team, manage tasks, and
book new appointments. Fueled by growing demand to replace the
stress of homeownership with convenience and peace of mind, Honey
Homes has now completed over 60,000 member tasks through more than
30,000 handyperson visits.
“Almost three years in, we’ve proven the value of Honey Homes
for those who want to focus on enjoying their homes with family and
friends instead of worrying about a never-ending list of to-dos,"
said Vishwas Prabhakara, CEO of Honey Homes. "This additional
funding will enable us to build a sustainable, long term business
and expand access to the hassle-free home upkeep that homeowners
deserve. We can’t wait to help more people turn the hopes and
dreams they have when they buy a home into reality."
Honey Homes’ investment in new technology delivers a
consistently delightful experience. For example, Home Health, a
recently launched feature, uses proprietary software to customize
ongoing maintenance based on the unique needs of members’ home
systems and appliances. As timely maintenance is required, Home
Health automatically prioritizes it on members’ to-do lists.
Internally, Honey Homes has built new, artificial
intelligence-driven tools that enable its handypeople to be more
efficient, from ensuring on-time appointment arrivals to
automatically adding support for tasks based on their estimated
completion time. By continuing to innovate on and release new
features, Honey Homes sets a new standard for what home services
should be for homeowners and skilled tradesworkers alike.
“Honey Homes stands out for their thoughtful approach to
pricing, team structure, and market expansion, enabling sustainable
growth and profitability,” said Clelia Peters, Partner at Era
Ventures. “The founding team's strong early traction and glowing
customer reviews further reinforced our belief in their ability to
execute on this massive market opportunity. Honey Homes is uniquely
positioned to build an iconic consumer brand in the home services
category.”
About Honey Homes:
Honey Homes replaces the stress of homeownership with comfort
and delight through a unique membership service that provides
complete home upkeep and maintenance. Members are paired with a
dedicated handyperson who becomes a trusted partner for all of
their home needs. Ongoing home improvements and preventative tasks
are managed through the Honey Homes mobile app, a concierge hub
where members can also receive guidance from an expert team and
schedule appointments. Founded in 2021, Honey Homes has completed
over 60,000 home tasks for over 1,000 members across the San
Francisco Bay Area, Los Angeles, and Dallas. To learn more about
Honey Homes, visit www.honeyhomes.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240516002984/en/
Patrick Mahoney patrick@pdmstrategies.com