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F N B Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania
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Urban Redevelopment Authority authorizes $41 million in grants for various city projects
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Honeycomb Credit Closes $1 75M Seed Round to Expand Community Capital Model Nationwide
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Honeycomb Credit Closes $1 75M Seed Round to Expand Community Capital Model Nationwide
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Reg CF: Honeycomb Credit Raises $1.75 in Seed Funding led by American Family Insurance
March 15, 2021 @ 3:05 pm By JD Alois
Honeycomb Credit, a Reg CF funding portal that operates as a bank replacement loan marketplace, has raised $1.75 million in Seed funding. The round was led by the
American Family Insurance Institute for Corporate and Social Impact, a VC firm that is affiliated with the American Family Insurance group. Other organizations participating in the round include Innovation Works, K50 Ventures (Formerly Kairos), The Urban Redevelopment Authority of Pittsburgh, Reinforced Ventures, and Flight.vc.
Honeycomb states that the investment is one of the first examples of a major financial services organization recognizing Regulation CF as a viable, scalable way to drive capital more equitably to Main Street businesses.