When was Honcho founded?

Honcho was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is Honcho located?

Honcho is headquartered in Durham, United Kingdom.

Which legal entities is Honcho associated with?

Honcho is associated with Honcho Markets Ltd.

How many employees does Honcho have?

As of Jun 30, 2026, the latest employee count at Honcho is 5.

Is Honcho a funded company?

Honcho is a funded company, having raised a total of $7.94M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 04, 2018.

How much is Honcho worth?

The latest valuation of Honcho is £***** as of Nov 16, 2021.

When was the latest funding round of Honcho?

Honcho's latest funding was a $***** Seed round on Jul 13, 2020, with participation from 0 investor.

Where does Honcho rank among its competitors?

Honcho ranks 4th amongst 45 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Caura, which secured $4.94M in Jan, 2023.

Who are the top competitors of Honcho?

Honcho's top competitors include Confused.com, Caura and Tempcover. Among them, Caura secured the most recent funding round in January, 2023.

Honcho - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Honcho is an online reverse auction marketplace for buying auto insurance It offers insurers to bid & re-bid to win the consumer's business like an auction, providing cheaper insurance for the drivers. It offers individuals to purchase insurance directly through the platform with the insurer.

Website: gethoncho.com
Social
Email ID: *****@gethoncho.com

Key Metrics

Founded Year

2016

Location

Durham, United Kingdom

Stage

Seed

Total Funding

$7.94M in 8 rounds

Latest Funding Round

Seed, Jul 13, 2020, $*****

Post Money Valuation

£***** as on Nov 16, 2021

Investors

Maven Capital Partners & 6 more

Ranked

4^th among 45 active competitors

Employee Count

5 as on Jun 30, 2026

Similar Companies

Roojai & 349 more

View Honcho's full profile

Honcho is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Honcho Markets Ltd CIN: 9190148 , Germany, Active		-	10 (As on Sep 30, 2021)

Honcho has raised a total funding of $7.94M over 8 rounds. Its first funding round was on Jan 04, 2018. Honcho has 7 institutional investors.

Here is the list of recent funding rounds of Honcho:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 13, 2020	7836221	Seed	6441030	6429974	8024975	1632840
Jul 08, 2020	5120772	Seed	9048566	1505600	9489467	9274285
Apr 09, 2020	2551779	Seed	1907979	9698949	Insurtech Gateway	Maven Capital Partners

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View details of Honcho's funding rounds and investors

Honcho's Board of Directors

Honcho's board has 4 active members. Gavin Sewell is part of team and Mohammed Hossain Rezaei, Simon Charles Yun-farmbrough and Frank Speight are independent board members.

Here is the list of Honcho's board of directors:

Name	Type	Representing	Status	Duration
Gavin Sewell	Team	-	Current	9y 10m
Mohammed Hossain Rezaei	Independent board member	-	Current	11y 10m
ne{ebkh	Independent board member	-	Current	7y 7m
dh{iiyi	Independent board member	-	Current	2y 8m

Honcho's employee count trend

Honcho has 5 employees as of Jun 26. Here is Honcho's employee count trend over the years:

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Top competitors of Honcho include Confused.com, Caura and Tempcover. Here is the list of Top 10 competitors of Honcho, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Confused.com 2002, Cardiff (United Kingdom), Public	App-based comparison platform for life and P&C insurances	-	-	71/100
2nd	Caura 2016, London (United Kingdom), Seed	App-based auto insurance platform for individuals	$4.2M	SOSV, TwinFocus & 17 others	48/100
3rd	Tempcover 2006, Fleet (United Kingdom), Acquired	Provider of an online distribution platform for short-term auto insurance	-	Moulsford Management, Ironbark Capital	48/100
4th	Honcho 2016, Durham (United Kingdom), Seed	Online reverse-auction marketplace for auto insurance	$7.94M	SaaS Ventures, InsurTech NY & 5 others	40/100
5th	DriveScore 2007, London (United Kingdom), Funding Raised	App-based platform to track driving patterns and calculate driving scores	-	-	36/100
6th	Carole Nash 1985, Altrincham (United Kingdom), Acquired	Online auto insurance platform	-	-	34/100
7th	Dayinsure 2005, Tarporley (United Kingdom), Acquired	Online platform for usage based vehicle insurance services	-	-	34/100
8th	Autosaint 2010, Redditch (United Kingdom), Acquired	Online comparison platform for auto insurance	-	-	33/100
9th	Car.co.uk 2017, Swansea (United Kingdom), Funding Raised	Auto insurance comparison platform	-	-	30/100
10th	Yellow Jersey 2014, Redhill (United Kingdom), Funding Raised	Specialist platform for bicycle insurance	-	-	29/100