HoneyBook, a San Francisco, CA-based financial and business management platform for creative solopreneurs and freelancers, raised $28m in Series C equity round of funding.
The round was led by Citi Ventures, with participation from existing investors Norwest Venture Partners and Aleph.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2013 by Oz Alon, CEO, and Naama Alon, Chief of Creative & Vision, HoneyBook provides a platform, which enables small businesses to streamline all aspects of their business, from capturing leads and delivering proposals to sending invoices and accepting payments.
The company has surpassed $1 billion in business booked on its platform and has grown its customer base, increasing new members 150 percent in 2018. Last year, members also created more than 1 million projects on the platform. HoneyBook has also enhanced its offering of client management tools, adding several new features recently as well as expanding platforms by launching an Android mobile app.