Honey Homes Secures $9.25M Series A-1 Funding Round to Accelerate Expansion and Innovation in Home Maintenance Services.
Honey Homes, a membership service focused on home upkeep and maintenance, has secured $9.25 million in Series A-1 funding led by Era Ventures, with participation from existing investors Khosla Ventures and Pear VC. This funding, following the company’s recent launch in Los Angeles and its expansion plans across California and Texas in 2024, aims to introduce new service offerings. Honey Homes, founded in 2021 to address the challenges homeowners face in finding reliable vendors for ongoing and immediate needs, is transforming the $500 billion home services industry. Members in San Francisco Bay Area, Los Angeles, and Dallas receive dedicated handyperson services twice-monthly, along with support through the company’s mobile app for task management and appointment booking. With over 60,000 member tasks completed through 30,000+ handyperson visits, Honey Homes emphasizes providing hassle-free home upkeep to over 1,000 homeowners and counting.
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Vishwas Prabhakara, CEO of Honey Homes, highlights the value proposition of Honey Homes in allowing homeowners to focus on enjoying their homes rather than worrying about to-do lists. The additional funding will support sustainable business growth and expand access to hassle-free home upkeep. Honey Homes invests in technology to enhance user experience, with features like Home Health, which customizes maintenance based on members’ home systems and appliances. Clelia Peters, Partner at Era Ventures, praises Honey Homes’ approach to pricing, team structure, and market expansion, expressing confidence in their ability to execute on this significant market opportunity. Honey Homes aims to set a new standard for home services through continued innovation and customer-centric offerings.
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