Small business platform HoneyBook raises $155m
The new financing round gives the Israeli company a valuation of $1.1 billion.
Israeli financial management platform for small businesses and self-employed platform developer HoneyBook today announced the completion of a $155 million Series D financing round led by Durable Capital Partners with participation from Tiger Global Management, Battery Ventures, Zeev Ventures, 01 Advisors as well as existing investors Norwest Venture Partners, OurCrowd and Citi Ventures. The new financing round gives HoneyBook a valuation of $1.1 billion, post money. Only a very small amount of the funds raised are part of a secondary offering with some employees exercising options.