Honk Garners $12,000,000 Series A Funding
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- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60f92d92-c97b-4bc9-b475-cc760cdb34a4 - Date
3/26/2015 - Company Name
Honk - Mailing Address
Undisclosed Santa Monica, CA 90401 USA - Company Description
Honk is the on-demand mobile app for tow, tire change, jump start, fuel and lock out services nationwide, 24 hours a day, 7 days a week. Honk’s faster ETAs and Guaranteed Never to Exceed prices, which start at just $49 without membership fees or limitations, offer motorists an alternative to outdated membership-based motor clubs. - Website
http://www.honkforhelp.com - Transaction Type
Venture Equity - Transaction Amount
$12,000,000 - Transaction Round
Series A - Proceeds Purposes
With the fresh injection of capital, expect the company to ramp up its brand building efforts significantly, according to Brundage. He also notes that the 10 person team today will likely reach 100 within a year’s time. - M&A Terms
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