Funding round
HoneyBook Series D
HoneyBook, which works in business management software solutions in San Francisco, raised $155M in a Series D round announced on 4 May 2021, led by Durable Capital Partners, at a $1.00B post-money valuation. 8 firms took part. It is HoneyBook's third venture round on record; the one before was a Series C in Mar 2019.
$155M
Amount raised
$1.00B
Post-money valuation
$845M pre-money
8
Investors
1 lead
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced HoneyBook at $1.00B after the new money. The $155M bought investors about 16% of the company. It came 26 months after HoneyBook's Series C. It is 34% of the $455M HoneyBook has raised in the venture rounds on record. HoneyBook raised again 6 months later: a Series E round of $250M in Nov 2021, at $2.40B post-money.
HoneyBook's funding rounds
HoneyBook has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Durable Capital Partners led the round with 7 other firms.
Lead investor
- Durable Capital Partners backs 39 venture-backed companies new investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- Zeev Ventures new investor
- 01A backs 53 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
- backs 100 venture-backed companies new investor
- Citi Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
237 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.6 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 May 2021 | $220M | $1.00B | Advent International |
| Tech Companies | 26 May 2021 | $160M | not disclosed | Neuberger Berman Funds |
| Tech Companies | 25 May 2021 | $150M | $1.50B | Tiger Global |
| Tech Companies | 17 May 2021 | $99M | $1.00B | WestCap |
| Tech Companies | 20 May 2021 | $90M | not disclosed | Greenspring Associates |
| Tech Companies | 4 May 2021 | $75M | $800M | SoftBank Vision Fund and Softbank Group |
| SambaNova Tech Companies | 13 Apr 2021 | $676M | $5.00B | SoftBank Vision Fund |
| Trulioo Tech Companies | 7 Jun 2021 | $394M | $1.75B | Technology Crossover Ventures |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did HoneyBook raise in its Series D round?
HoneyBook raised $155M in its Series D round, announced in May 2021.
Who led HoneyBook's Series D round?
Durable Capital Partners led it, with Tiger Global, Battery Ventures, Zeev Ventures, 01A and Norwest and 2 more.
What was HoneyBook's valuation at the Series D round?
$1.00B post-money ($845M pre-money).
How does it compare with other Series D rounds in Tech Companies?
237 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.6 times the median.
Did HoneyBook raise again after this round?
Yes: a Series E round in Nov 2021 of $250M at $2.40B post-money.