Honeycomb Insurance, a digital insurer specialising in apartment buildings and condo associations, has raised an additional $40 million in a new funding round led by Zeev Ventures.
The round also drew participation from existing investor Ibex Investors, alongside new backers Peakline, Alpha Partners, Meitar Partners, Practical VC, and former San Francisco 49ers Super Bowl champion Harris Barton.
According to Honeycomb, total funding to date now stands at $95 million.
The firm added that the new capital will be used to accelerate geographical coverage, improve agent-facing tools, expand product offerings, and further enhance its proprietary AI-driven underwriting platform.
Honeycomb explained that it has built its platform around AI-driven underwriting and proprietary risk models that evaluate properties at the individual building level, allowing it to price risk with a level of sophistication that traditional approaches often cannot match.
“This ability to assess properties granularly and dynamically has helped Honeycomb scale across both changing market conditions and complex risk environments,” the firm noted.
Itai Ben-Zaken, co-founder and CEO of Honeycomb Insurance, commented, “We are building Honeycomb to be the category leader in commercial real estate 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.”
Oren Zeev, Founding Partner of Zeev Ventures, added, “Honeycomb has built something I rarely see—an insurance company that has scaled rapidly while maintaining a lean operation.
“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.”
