Honey Homes, a membership service delivering complete home upkeep and maintenance, announced it has raised $9.25 million in Series A-1 funding led by Era Ventures with participation by previous investors Khosla Ventures and Pear VC.
This new funding round follows the company’s recent launch in Los Angeles – which is Honey Homes’ third market – and will be used to expand across California and Texas in 2024 and introduce new service offerings. And Honey Homes has now raised over $21 million to unlock comfort and joy for more than 1,000 homeowners and counting.
Launched in 2021 in response to the difficulty homeowners experience finding reliable vendors to complete ongoing and immediate needs, Honey Homes has been improving the $500 billion home services industry. The members in the San Francisco Bay Area, Los Angeles, and Dallas gain a dedicated and trusted handyperson who visits twice-monthly to accomplish all of their home to-dos.
Support is enhanced through the company’s mobile app, where members can chat with Honey Homes’ expert team, manage tasks, and book new appointments. Driven by growing demand to replace the stress of homeownership with convenience and peace of mind, Honey Homes has now completed over 60,000 member tasks through more than 30,000 handyperson visits.
Honey Homes’ investment in new technology delivers a consistently delightful experience. For example, Home Health uses proprietary software to customize ongoing maintenance based on the unique needs of members’ home systems and appliances. And as timely maintenance is required, Home Health automatically prioritizes it on members’ to-do lists.
Internally, Honey Homes also built new AI-driven tools that enable its handypeople to be more efficient, from ensuring on-time appointment arrivals to automatically adding support for tasks based on their estimated completion time. And by continuing to innovate on and release new features, Honey Homes sets a new standard for what home services should be for homeowners and skilled tradesworkers.
KEY QUOTES:
“Almost three years in, we’ve proven the value of Honey Homes for those who want to focus on enjoying their homes with family and friends instead of worrying about a never-ending list of to-dos. This additional funding will enable us to build a sustainable, long term business and expand access to the hassle-free home upkeep that homeowners deserve. We can’t wait to help more people turn the hopes and dreams they have when they buy a home into reality.”
– Vishwas Prabhakara, CEO of Honey Homes
“Honey Homes stands out for their thoughtful approach to pricing, team structure, and market expansion, enabling sustainable growth and profitability. The founding team’s strong early traction and glowing customer reviews further reinforced our belief in their ability to execute on this massive market opportunity. Honey Homes is uniquely positioned to build an iconic consumer brand in the home services category.”
– Clelia Peters, Partner at Era Ventures
