Funding round
HoneyBook Series E
HoneyBook, which works in business management software solutions in San Francisco, raised $250M in a Series E round announced on 3 Nov 2021, led by Tiger Global, at a $2.40B post-money valuation. 8 firms took part. It is HoneyBook's fourth venture round on record; the one before was a Series D in May 2021.
$250M
Amount raised
$2.40B
Post-money valuation
$2.15B pre-money
8
Investors
1 lead
2.4x
Step-up from the Series D
$1.00B in May 2021
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced HoneyBook at $2.40B after the new money, 2.4 times the $1.00B of its Series D (May 2021). The $250M bought investors about 10% of the company. It came 6 months after HoneyBook's Series D. It is 55% of the $455M HoneyBook has raised in the venture rounds on record. No later venture round is on record for HoneyBook.
HoneyBook's funding rounds
HoneyBook has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Tiger Global led the round with 7 other firms.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Durable Capital Partners backs 39 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
- Citi Ventures new investor
- backs 100 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
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
111 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 1.7 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Socure Tech Companies | 9 Nov 2021 | $450M | $4.50B | Accel and T. Rowe Price |
| Verbit Tech Companies | 23 Nov 2021 | $250M | $2.00B | Third Point Ventures |
| Workato Tech Companies | 10 Nov 2021 | $200M | $5.70B | Battery Ventures |
| Tech Companies | 9 Nov 2021 | $150M | $1.00B | Liberty Strategic Capital |
| Tech Companies | 9 Nov 2021 | $150M | $1.00B | Insight Partners and Georgian |
| Tech Companies | 18 Nov 2021 | $140M | $1.00B | CapitalG and Paladin Capital Group |
| Tech Companies | 4 Nov 2021 | $120M | $1.70B | Brighton Park Capital |
| Tech Companies | 7 Nov 2021 | $100M | $1.70B | Commonwealth Bank of Australia |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did HoneyBook raise in its Series E round?
HoneyBook raised $250M in its Series E round, announced in Nov 2021.
Who led HoneyBook's Series E round?
Tiger Global led it, with Durable Capital Partners, Norwest, Citi Ventures, OurCrowd and Battery Ventures and 2 more.
What was HoneyBook's valuation at the Series E round?
$2.40B post-money ($2.15B pre-money).
How does it compare with other Series E rounds in Tech Companies?
111 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 1.7 times the median.