Honey Science Corporation
Latest round
- Series C
Last raised
- Mar 2017
Total raised
- $27M
Investors
- 9
About Honey Science Corporation
Honey Science Corporation was founded in 2012 and is headquartered in Los Angeles, US. The company provides tools that streamline online shopping experiences. In November 2019, PayPal, Inc. agreed to acquire Honey for approximately USD 4 billion in cash, with the transaction expected to close in the first quarter of 2020. The founder, Taylor Jarman, had previously established other ventures prior to launching Honey. Since inception, Honey has participated in a total of 5 deals, with the most recent deal occurring on November 20, 2019.Honey offers a suite of digital tools designed to enhance the online shopping experience for consumers. Its core offering is an automated coupon and promo code discovery service that searches over 30,000 e-commerce sites to find and apply discounts during checkout. This service is accessible via a browser extension and a mobile app, allowing users to earn rewards through the Honey Gold program. Targeting budget-conscious shoppers, Honey primarily serves consumers in the United States, Canada, and various regions in Europe, supporting savings across a wide range of products, including electronics and fashion items.Honey generates revenue mainly through partnerships with retailers and affiliate marketing agreements. The company earns commissions from retailers when users access coupons or rebates via Honey while shopping online, effectively directing traffic and facilitating sales. The revenue model includes direct-to-consumer interactions through the Honey app or browser extension, and it is further supplemented by the Honey Gold rewards program, where users earn points for purchases that are redeemable at select retailers.Following the recent acquisition by PayPal in November 2019, Honey Science Corporation is expected to leverage its new resources to enhance its product offerings and expand its reach. Future initiatives include the development of new products aligned with PayPal's capabilities, although specific details on product launches have not been disclosed. Honey aims to strengthen its presence in North America and Europe, capitalizing on its established user base and expanding into new geographic regions.
Who invested in Honey Science Corporation
9 investors across 3 rounds
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Questions about Honey Science Corporation
Who invested in Honey Science Corporation?
Honey Science Corporation has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Honey Science Corporation raised?
Honey Science Corporation has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Honey Science Corporation last raise money?
Honey Science Corporation's most recent round on record is a Series C, in Mar 2017.
What does Honey Science Corporation do?
Honey Science Corporation was founded in 2012 and is headquartered in Los Angeles, US.
Where is Honey Science Corporation headquartered?
Honey Science Corporation is headquartered in Los Angeles, US.
Which VCs invest in companies like Honey Science Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Honey Science Corporation's stage. Their profiles are linked below.
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