Funding round
Honor Series B
Honor, which works in home care services in Omaha, raised $42M in a Series B round announced on 8 Aug 2016, led by Thrive Capital. 4 firms took part. It is Honor's second venture round on record; the one before was a Series A in Apr 2015.
$42M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Honor did not disclose a valuation in this round; its last disclosed one was $55M at the Series A (Apr 2015). It came 16 months after Honor's Series A. It is 13% of the $322M Honor has raised in the venture rounds on record. Honor raised again 21 months later: a Series C round of $50M in May 2018. Its next priced round, a Series E in Oct 2021, valued it at $1.25B.
Honor's funding rounds
Honor has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 2 Apr 2015 $20M$55M post-money
- Series B this round 8 Aug 2016, led by Thrive Capital $42M
- Series C 22 May 2018, led by Prosus $50M
- Series D 27 Oct 2020, led by Baillie Gifford and T. Rowe Price Associates, Inc. $140M
- Debt not a venture round 5 Oct 2021, led by Perceptive Advisors $300M
- Series E 5 Oct 2021, led by Baillie Gifford $70M$1.25B post-money
Investors
Who put money in
Thrive Capital led the round with 3 other firms.
Lead investor
- Thrive Capital backs 130 venture-backed companies new investor
Also in the round
- 8VC new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- 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
The closest in time: 2 in Home Health Care, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 5 Apr 2017 | $21M | not disclosed | Mahindra Partners |
| Home Health Care | 20 Sep 2015 | $38M | not disclosed | Accel and International Finance Corporation |
| Howard Energy Partners Oil & Gas - Extraction & Distribution | 1 Aug 2016 | $500M | not disclosed | not named |
| Computer Training Schools | 22 Aug 2016 | $45M | not disclosed | ABS Capital |
| Online Marketplace | 1 Aug 2016 | $35M | not disclosed | Rakuten Ventures |
| Electronical Components Manufacturing | 22 Aug 2016 | $35M | not disclosed | Amazon and Thomvest Ventures |
| Industrial Machinery & Supplies | 3 Aug 2016 | $35M | not disclosed | Foundry |
| Dairy Products - Farms & Stores | 31 Aug 2016 | $30M | not disclosed | GV |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Honor raise in its Series B round?
Honor raised $42M in its Series B round, announced in Aug 2016.
Who led Honor's Series B round?
Thrive Capital led it, with 8VC, Andreessen Horowitz and Syno Capital.
What was Honor's valuation at the Series B round?
It was not disclosed; its last disclosed one was $55M at the Series A (Apr 2015).
Did Honor raise again after this round?
Yes: a Series C round in May 2018 of $50M.