Why could justify $ 140 million in Honeybook at the end

Honeybook, an emerging company, has a value of its last value in late 2021, at $ 2.4 billion, TECHRUNCH was $ 140 million of annual repeated revenues (ARR).

This makes Honeybook one of the few startups with peak -peak assessments to report its financial data after the market cooling.

Many startups that were raised in 2021 and have not been raised since then remaining under pressure to generate the necessary revenues to verify their previously enlarged assessments, Many may not survive for a longer period.

The CEO of Honeybook and co -founder of Oz Alon says: but Honeybook is well afflicted, as he sees no reason to maintain the confidentiality of his revenue standards, “says Honey’s CEO.

Honeybook offers business management programs for home -based independent projects such as photographers, events and interior designers. The last one It was raised 155 million dollars from the series E From Tiger Global Management about three and a half years ago.

Given that Honeybook is still valued at $ 2.4 billion, the latest ARR number involves a double evaluation of ARR.

Although there are no difficult rules and quickly to evaluate private companies, investors say pre -AIA software companies in the late stage are not generally priced in different from comparisons in the public market. The Meritech Saas indicates that companies are growing in 25 % or more per year It is now priced at a average of 13 times.

So what can justify honey complications slightly than average for Honeybook? One word: Amnesty International. This week, the company has provided new jobs for Amnesty International that helps users to determine how to price services and their customer service better.

The company claims to be in a unique position to help entrepreneurs to make trade decisions with artificial intelligence because it has data on how similar small business owners priced their services and develop their customer lists.

AI’s Honeybook is included in its current offer, which includes CRM, deals with bills and payments, and gives qualified users access to business growth funds.

Jeff Crowe, a great administrative partner in Norwest and Honeybook, believes that the company can charge its business with artificial intelligence.

Crowe said: “Entrepreneurs, like photographers, time or intelligence of work,” does not have a strategic thinking about how to develop their businesses, “Crowe said.

Hope is to help the current Honeybook users to develop their own business, and as a result, startup will spare more money of the largest size of the transactions you process.