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Honey Insurance

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Providing smarter home insurance coverage using data and technology

Sydney, AustraliaFounded 2020Fintech
Valuation $250–500M Last recorded · 2024
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Honey Insurance and the history behind them.

About Honey Insurance

Honey Insurance is a tech-driven insurance startup that offers home and contents insurance. The company uses a data-driven approach to provide tailored coverage for homeowners, using information provided by the client and data about the home to offer the most suitable coverage. This includes the size of the home, the number of rooms, the year it was built, and the materials used in its construction.

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Honey Insurance serves homeowners who are looking for a more efficient and personalized way to protect their homes. The company operates in the insurance market, specifically in the home insurance sector.

The business model of Honey Insurance is unique. It not only offers insurance coverage but also invests in the safety of its clients' homes. When a client takes out home and contents insurance, they receive smart home sensors, valued at $250, that can alert them to potential issues such as fire, water damage, and theft. This proactive approach to home safety can help prevent mishaps and reduce claims, which in turn allows Honey Insurance to offer lower premiums.

Honey Insurance makes money by charging premiums for the insurance coverage it provides. The company also benefits from reduced claims due to its proactive approach to home safety.

The company's claim process is designed to be simple and convenient. Clients can lodge a claim at any time, and a member of the Honey Insurance team will immediately start working on it.

Source: Dealroom company data

At a glance

Founded
2020
Headquarters
Sydney, Australia
Sector
Fintech
Power Law
Colt$25–100M revenue

Investors

15 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed14 investors entered at this stage

  • RACQ
  • AGL Energy
  • PEXA
  • REI
  • Anthony Eisen
  • Mirvac Group
  • Tim Fung
  • Larry Diamond
  • Apex Capital
  • Metricon
  • ABN Group
  • Shadforth Financial Group Limited
  • Graham Mirabito
  • Peter Tonagh

Series A1 investor entered at this stage

  • Gallatin Point Capital
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇦🇺 Australia98.8%
🇺🇸 United States1.2%
2 countries shown
Web traffic by country
41K monthly visits
across markets
🇦🇺 Australia96.6%
🇺🇸 United States2.9%
Top 2 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Honey Insurance on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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