Arnold Bloch Leibler has acted for Honey Insurance on its $108 million Series A funding round – the third-largest on record for an Australian tech company.
As reported in the Australian Financial Review, Honey Insurance is disrupting the home insurance industry by integrating artificial intelligence and smart home technologies to enhance affordability and manage risk for homeowners. This innovative approach has not only captured significant market share from traditional insurers but has also demonstrated the potential for technology to mitigate the risks associated with climate change and natural disasters.
Corporate, M&A and Capital Markets partner Jeremy Lanzer led the transaction and was supported by senior associate, Ari Bendet, lawyers Kaitlin Bakken and Ramon Callis, and law graduate Christina Cane.
Jeremy commented: “We are thrilled to support Honey Insurance on its remarkable journey, and we congratulate Richard Joffe and the entire Honey Insurance team. This historic funding round is a testament to Honey Insurance’s innovative approach to home insurance and is perfectly aligned with Arnold Bloch Leibler’s dedication to supporting groundbreaking entrepreneurial ventures that drive forward the Australian technology ecosystem.”
