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A bug tester leaked the tool to Reddit, where it went viral. By March 2014, the company had 900,000 organic users. Honey raised a $26 million Series C round, led by Anthos Capital in March 2017. By January 2018, Honey raised a total of $40.8 million in venture backing. On January 6, 2020, it was acquired by PayPal for about $4 billion.
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Honey is a sweet and viscous substance made by several species of bees, the best-known of which are honey bees. Honey is made and stored to nourish bee colonies. Bees produce honey by gathering and then refining the sugary secretions of plants (primarily floral nectar) or the secretions of other insects, like the honeydew of aphids. This refinement takes place both within individual bees ...
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Reddit is a public company based in San Francisco. It has an office in the Mid-Market neighborhood. Reddit doubled its headcount in 2017; as of 2018, it employed approximately 350 people. In 2017, the company was valued at $1.8 billion during a $200 million round of new venture funding.