Honeycomb Raises $40 million in Round led by Zeev Ventures

This new funding comes after the company raised US$36 million in 2024, and it was completed at a higher company value than before.

“We are building Honeycomb to be the category leader in commercial real estate insurance,” said Itai Ben-Zaken, co-founder and chief executive officer of Honeycomb Insurance. “We didn’t add AI to a legacy offering. Our platform is centered on proprietary data and AI models to underwrite each property individually, with competitive and fair pricing and terms. This funding accelerates our expansion into new states and new product lines as we move toward that goal.”

“Honeycomb has built something I rarely see — an insurance company that has scaled rapidly while maintaining a lean operation,” said Oren Zeev, founding partner of Zeev Ventures. “That combination is exceptionally rare in insurance, and it reflects the strength of both the team and the technology. The commercial property market is massive, underserved by legacy carriers, and Honeycomb is uniquely positioned to become a category leader.”

Founded in 2019 by Itai Ben-Zaken and Nimrod Sadot, Honeycomb provides property and casualty insurance mainly for landlords and condominium associations. It offers insurance for buildings and property owners through a digital platform.

The company uses an online platform that removes the need for physical inspections. It helps speed up the process of creating insurance policies and underwriting, making it easier for both property owners and insurance agents.

With the new funding, Honeycomb plans to expand across the country. It wants to grow in the commercial real estate insurance market by using data and AI to make insurance faster, more flexible, and better suited to changing risks.

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