Honeybuk, who was lastly worth $ 2.4 billion at the end of 2021, told Tech Crunch that it targeted Million 140 million in the repeated revenue (ARR) annually.
This becomes one of the few startups with the prices of the peak-VC-RA to report their financing after the cooling of the Honeybuk.
Many startups that were raised in 2021 and have not been picked up since then are under pressure to generate income needed to fix their pre -falling prices, And many people can’t survive for long.
But Honeybuk is performing very well, there is still no reason to keep his taxes secret.
The Honey Book offers business management software for independent service -based businessmen such as photographers, event planners, and interior designers. This is the last Rice was a series of $ 250 million About three and a half years before the Tiger Global Management.
Given that Honeybuk’s value is still 4 2.4 billion, the latest ARR data means about 17 17 times RAR.
Although there are no rigorous and fast rules to value private companies, investors say the cost of late -era era software companies is usually no different than their public market comparisons. Meritic sauce index suggests that companies are growing 25 % or more in a year Now they have a 13 -time cost of ARR.
So can possibly justify Honey Books higher than average than average? One word: Ai. This week, the company introduced a new AI functionality, which helps consumers decide how the cost of services and how to serve its customers.
The company claims that it is individually positioned to help traders make business decisions with AI because it contains data on how small business owners cost their services and increase their client’s list.
Honeybuk’s AI is included in its current offer, including a CRM, handles billing and payments, and provides qualified consumers access to funds for business growth.
Jeff Crowe, a senior managing partner of Norwest and a Honey Book investor, believes the company can charge its business with AI.
Crowe said, “Like photographers, solopareners don’t have time to know time or business”.
The hope is that the new functionality will help existing Honeybuk’s current users to increase their business, and, in turn, will earn a large amount of money related to its process.