Funding round
Honor Series E
Honor, which works in home care services in Omaha, raised $70M in a Series E round announced on 5 Oct 2021, led by Baillie Gifford, at a $1.25B post-money valuation. 9 firms took part. It is Honor's fifth venture round on record; the one before was a Series D in Oct 2020.
$70M
Amount raised
of which $300M debt
$1.25B
Post-money valuation
9
Investors
1 lead
23x
Step-up from the Series A
$55M in Apr 2015
Valuation
What this round says about the price
This round priced Honor at $1.25B after the new money, 22.7 times the $55M of its Series A (Apr 2015). It came 12 months after Honor's Series D. It is 22% of the $322M Honor has raised in the venture rounds on record. No later venture round is on record for Honor.
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 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 this round 5 Oct 2021, led by Baillie Gifford $70M$1.25B post-money
Investors
Who put money in
Baillie Gifford led the round with 8 other firms.
Lead investor
- Baillie Gifford new investor
Also in the round
- T. Rowe Price Associates, Inc. new investor
- Prosus Ventures new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- FMZ Ventures new investor
- backs 20 venture-backed companies new investor
- Lighthouse Capital Markets new investor
- backs 33 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Home Health Care, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Somatus Home Health Care | 23 Feb 2022 | $325M | $2.50B | Wellington Management Company |
| N26 Banks & ATMs | 18 Oct 2021 | $900M | $9.00B | Third Point Ventures and Coatue |
| BetterUp Professional & Management Training | 8 Oct 2021 | $300M | $4.70B | Wellington Management and ICONIQ Growth |
| Coinmerce Cryptocurrency | 12 Oct 2021 | $270M | $6.30B | Greenoaks |
| CRED Payment Processing & Point of Sale | 18 Oct 2021 | $251M | $4.01B | Tiger Global and Alpha Wave Global |
| CarDekho Automobile Dealers & Manufacturers | 13 Oct 2021 | $250M | $1.20B | LeapFrog Investments |
| Devo Tech Companies | 26 Oct 2021 | $250M | $1.50B | Technology Crossover Ventures |
| Tech Companies | 26 Oct 2021 | $180M | $1.00B | Baker Hughes |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Honor raise in its Series E round?
Honor raised $70M in its Series E round, announced in Oct 2021.
Who led Honor's Series E round?
Baillie Gifford led it, with T. Rowe Price Associates, Inc., Prosus Ventures, Andreessen Horowitz, Thrive Capital and FMZ Ventures and 3 more.
What was Honor's valuation at the Series E round?
$1.25B post-money.