Business software maker HoneyBook raises $250 mn led by Tiger Global

HoneyBook, a company that helps freelancers with client management and other business functions, has raised $250 million, led by Tiger Global Management.
Dollar spending on technology
The round also drew investments from Durable Capital Partners, Norwest Venture Partners, Citi Ventures and OurCrowd.

The latest fund infusion has helped San Francisco-based HoneyBook more than double its valuation from its previous round in May this year to $2.4 billion.

HoneyBook raised $498 million since its inception in 2013.

HoneyBook’s platform helps businesses stay organized by streamlining client flow, managing cash flow and helping customers with client communications and payments. Its customers, which include web designers, photographers and florists, also use HoneyBook’ capital product to apply for loans, which come with no late fees.

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