Australia · Insurance startup

Honey Insurance

Honey Insurance is an Australian digital home insurance company founded in 2020 by Richard Joffe.

Funding reportedLast round: Series A

InsuranceThe Rocks, Australia

About Honey Insurance

Honey Insurance is an Australian digital home insurance company founded in 2020 by Richard Joffe.

It specializes in smart home insurance that focuses on preventing avoidable accidents through the use of AI and sensors. Based in Surry Hills and The Rocks, Sydney, Honey Insurance is the first provider of smart home insurance in Australia, offering free smart sensors to detect leaks, fires, and theft before they escalate into significant issues. The company provides flexible coverage options for homeowners, renters, and landlords, including homeowners insurance, renters insurance, landlords insurance, and contents insurance. Honey Insurance employs smart technology products such as real-time alerts for potential hazards and AI risk assessments to personalize pricing. Customers benefit from premium discounts for using smart sensors and enjoy automated policy updates. With a mission to eliminate avoidable accidents, Honey Insurance serves approximately 40,000 users across major cities and regional areas in Australia, making it a preferred choice for those seeking proactive home protection.

What company datasets say Honey Insurance raised

Funding, as reported

Reported in all148.5Min the source's currency
Rounds3
Last roundSeries A
Last round size69.9M
Last round dateApr 2024
Investors listed19

The company, in detail

What they build

Known for

hardwareinsurance underwritten by racqconsumershome securityhome safety automationinsurtechhome safety risk managementproperty protectionhome safety sensor integrationlandlords insuranceinternet of thingshome safety sensor alerts setup24/7 claims supporthomeowners insuranceinformation technology & servicesinsurance

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Sector
Insurance
Industry code
NAICS 524126, SIC 6361, 6331
Region
New South Wales
Revenue
40M a year, as listed
Full record
Every detail in the company directory

Insurance in Australia

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