Khosla Ventures, Pear VC triple down on Honey Homes, a smart way to hire a handyman [TechCrunch]
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Opendoor Technologies Inc (OPEN)
Company Research
Source: TechCrunch
Khosla Ventures and Pear VC have just tripled down on their investment in Honey Homes , which offers up a dedicated handyman to take care of all the random tasks on a homeowner's to-do list. The company raised $9 million last June in a Series A round of funding Era Ventures led the startup's latest raise, a $9.25 million extension financing that CEO and co-founder Vishwas Prabhakara described as “an up round.” (PitchBook has its valuation pegged at $39 million as of last June, although the company said that is “not accurate.”) In total, since inception, Honey Homes has raised $21.35 million in venture funding. So what drove the latest capital infusion? A surge in member adoption. The company last fall announced it had doubled its member count in a three-month period to “well over 1,000 members.” It also increased annual recurring revenue by 3.6x in 2023. While the company declined to share hard revenue figures, Prabhakara said the company expects to “do the same and get to eight
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- OPEN's page on the SEC website