Many small businesses are turning to HoneyBook for their digital transaction and business management needs. This fast-growing company just announced a $155 million Series F round of funding, taking its total funding to a whopping $1 billion. Led by Azevè Technologies, this round was backed by existing investors such as Founders Fund, OMERS Growth Equity and Tiger Global Management, as well as new investors including Goldman Sachs Private Capital Investing and GV. In this article, we will explore the details of the deal and what it means for small businesses looking to benefit from an advanced software suite like HoneyBook. Read on to learn more!
What is HoneyBook?
HoneyBook is a cloud-based business management platform for small and medium-sized businesses (SMBs). The company was founded in 2013 by Azevedo Technologies, LLC and is headquartered in San Francisco, California.
The HoneyBook platform enables SMBs to manage their businesses in a single, centralized location. The platform includes tools for invoicing, bookkeeping, client management, project management, and more. HoneyBook also offers integrations with popular third-party business applications, such as QuickBooks and Google Calendar.
In addition to its core business management features, HoneyBook also offers a suite of marketing and networking tools. These tools include a CRM system, email marketing capabilities, and a directory of service providers.
The HoneyBook platform is designed to help SMBs streamline their operations, save time on administrative tasks, and grow their businesses.
What Does HoneyBook Do?
HoneyBook is a cloud-based business management platform for small businesses and freelance professionals. The all-in-one solution offers users a customizable CRM, invoicing, proposals, automated payments, and project management tools in one place.
Since its inception in 2013, HoneyBook has helped over 80,000 small businesses streamline their operations and grow their businesses. In 2018, the company was acquired by Azevedo Technologies for an undisclosed sum.
How Much Money Has HoneyBook Raised?
HoneyBook, a small business management software company, has raised $1 million in seed funding from Azevè Technologies.
This round of funding will be used to help the company expand its product offerings and grow its customer base.
HoneyBook was founded in 2013 by CEO Oz Alon and CTO Amit Goldstein.
The company has raised a total of $2 million to date.
Who Are HoneyBook’s Competitors?
HoneyBook’s primary competitors are Bizzy and Airtable.
Bizzy is a web-based product that allows small businesses to manage their contacts, create and send invoices, book appointments, and track payments. It offers a free trial, after which pricing starts at $10 per month.
Airtable is a cloud-based software application that offers a similar range of features as HoneyBook. Pricing starts at $10 per month for the base plan, which includes 1 GB of storage.
What Is HoneyBook’s Market Share?
HoneyBook’s market share is small, but growing. The company has a 4.5% share of the small business market, and a 2.4% share of the mid-sized business market. However, these numbers are increasing, as more businesses are adopting HoneyBook’s platform. In addition, the company is gaining ground in the enterprise market, with a 1.6% share.
How Much Revenue Does HoneyBook Generate?
HoneyBook is a cloud-based business management platform for small businesses and freelancers. The company offers a suite of tools to help businesses with bookkeeping, invoicing, payments, and client communication.
According to Crunchbase, HoneyBook generated $12 million in revenue in 2018. The company has been growing rapidly, with revenue increasing by nearly 50% from 2017 to 2018. HoneyBook is on track to generate even more revenue in 2019 as it continues to expand its customer base.
The majority of HoneyBook’s revenue comes from subscription fees charged to its customers. The company offers several different subscription plans, ranging from $15 per month to $49 per month. HoneyBook also generates some revenue from transaction fees charged on payments processed through its platform.
What Is HoneyBook’s Net Income?
HoneyBook’s net income for 2018 was $12.7 million, up from $8.3 million in 2017. The company’s revenue increased by 64% to $59.4 million in 2018, from $36.2 million in 2017. HoneyBook is a cloud-based business management platform for small businesses and freelancers. The company was founded in 2013 and is headquartered in San Francisco, California.
What Is Azevedo’s Background?
Azevedo is the co-founder and CEO of HoneyBook, a small business management software company. She was born in Brazil and raised in the Bay Area. She has a bachelor’s degree in business administration from the University of California, Berkeley. Azevedo has also worked as an engineer and product manager at Google and Facebook.
What Other Companies Has Azevedo Founded?
In addition to honeybook, Azevedo has also founded a number of other companies, including:
– Azevado Technologies: a software development company that specializes in web and mobile applications.
– Azevado Consulting: a management consulting firm that helps small businesses with strategy and operations.
– Azevado Ventures: an early stage venture capital fund that invests in technology and healthcare startups.