Honeycomb Credit
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 2.5m | 2.5m | 3.4m |
% growth | - | - | 36 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$120k | Angel | ||
$100k | Seed | ||
$1.0m | Seed | ||
N/A | $50.0k | Seed | |
N/A | $50.0k | Seed | |
$1.8m | Seed | ||
$1.0m | Seed | ||
* | $350k Valuation: $8.8m | Seed | |
* | N/A | $7.3m | Seed |
N/A | Seed | ||
* | $6.0m | Seed | |
Total Funding | €16.1m |
Related Content
Recent News about Honeycomb Credit
EditHoneycomb Credit is an investment crowdfunding platform designed to help local businesses secure funding from everyday investors. By connecting small businesses with a community of over 18,000 investors, Honeycomb Credit facilitates the flow of capital to enterprises that are often overlooked by traditional lenders. The platform serves a diverse range of clients, including restaurants, retail shops, and service providers, primarily operating in local neighborhoods and communities.
Honeycomb Credit's business model revolves around enabling small businesses to raise funds through investment campaigns. These campaigns allow everyday people to invest in businesses they believe in, providing them with the opportunity to earn returns while supporting their local economy. The company makes money by charging fees to businesses for running their campaigns and taking a percentage of the funds raised.
Since its inception in 2018, Honeycomb Credit has deployed over $23.2 million in community capital to Main Street small businesses through more than 23,000 investments. The platform has helped numerous businesses enhance operational efficiency, expand to new locations, and improve their overall financial health.
Honeycomb Credit operates in the niche market of community-based investment crowdfunding, distinguishing itself by focusing on local businesses and fostering vibrant, financially empowered communities. The platform does not provide investment advice or recommendations and emphasizes that securities sold under Title III are speculative and illiquid, meaning investors can lose all of their money.
Keywords: investment crowdfunding, local businesses, community capital, everyday investors, small business funding, Main Street, financial empowerment, niche market, operational efficiency, community growth.