# Honorlock

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/honorlock

- Industry: Software
- Headquarters: Boca Raton, US
- Website: www.honorlock.com
- Total disclosed funding: $37M
- Latest round: Series B (Apr 27, 2021)
- Investors on record: 3

## About

Honorlock Inc. provides advanced online proctoring solutions aimed at ensuring the integrity and security of remote examinations for educational institutions and organizations.Honorlock Inc. was founded in 2014 and operates out of Boca Raton, US. The company specializes in online proctoring services and software. It has successfully raised USD 25.00 mn in its Series B funding round dated April 27, 2021, led by Owl Ventures, with participation from Arsenal Growth and Defy.vc. Honorlock has completed a total of 6 deals since its inception.Honorlock is a provider of online proctoring services and software designed to enhance the integrity of remote examinations. Their core offerings include automated proctoring tools that utilize multi-device detection, smart speech recognition, and customized exam environments to ensure secure testing experiences. These features cater to a diverse client base, including higher education institutions, professional education organizations, and students, helping educators focus on teaching rather than monitoring assessments. Honorlock’s solutions are designed to be user-friendly, minimizing challenges for students during assessments and providing unparalleled 24/7 support. The company serves markets primarily in North America, with a growing presence in international academic institutions looking for reliable online proctoring solutions.Honorlock’s revenue model is structured around subscription-based services tailored for educational institutions and organizations. Clients typically engage in contracts that include comprehensive onboarding, continuous support, and access to Honorlock’s suite of proctoring features. The company’s revenue is largely derived from B2B transactions, where educational institutions subscribe to Honorlock’s services for their faculty and students. Specific pricing plans and service details are provided during client onboarding to align with institutional needs and scale. Honorlock’s offerings, including their flagship HonorPrep, are integral to optimizing the proctoring experience, helping institutions reduce administrative burdens while maintaining examination integrity.In April 2021, Honorlock Inc. raised USD 25.00 mn in Series B funding to accelerate its growth and enter new markets. The company plans to develop and launch new products aimed at enhancing its online proctoring capabilities. Future expansions are targeted towards international markets, complementing the existing North American presence. The funding will be directed towards these initiatives to support entry into new geographic regions.

## Funding rounds

- Series B, Apr 27, 2021, $25M — Arsenal Growth, OWL Ventures, Defy.
- Series A, Mar 19, 2020, $12M — Defy.

## Investors

- Defy. (https://capitalatlas.ai/funds/defy) — Series A, Series B
- Arsenal Growth (https://capitalatlas.ai/funds/arsenal-growth) — Series B
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series B