Honeycomb Insurance, a deep-tech property and casualty digital insurer specializing in tailored coverage for landlords and condominium associations, began writing policies in Nevada and Oregon, expanding its digital landlord and condominium association insurance platform into another western US market.
The launch follows the company’s recent $40 mn funding round and its expansion into Kansas and Missouri, according to Beinsure.
In June 2026, Honeycomb has raised $40 mn in new funding, taking the digital property insurer’s total capital raised to $95 mn. The round was led by Zeev Ventures, with participation from existing investor Ibex Investors and new backers Peakline, Alpha Partners, Meitar Partners, Practical VC, and former San Francisco 49ers champion Harris Barton.
In May 2024, insurtech has sequred $36 mn in a Series B funding round led by Zeev Ventures and participation from Arkin Holdings and Launchbay Capital, as well as existing backers Ibex Investors, Phoenix Insurance, and IT-Farm. Honeycomb’s total funding to date to $55 mn.
Leveraging AI-driven technology, Honeycomb offers precise risk management and underwriting at the individual building level, enabling competitive pricing for well-maintained properties.
Nevada and Oregon has become harder for agents placing coverage for condominium associations, apartment buildings and single-family rental portfolios. Carrier options have narrowed, underwriting standards have tightened and older well-maintained properties often fall outside standard insurer appetite.
Honeycomb gives agents access to admitted and non-admitted habitational products in Nevada. The platform also offers excess liability coverage, allowing agents to place more risks through one system with consistent underwriting and billing.
Oregon has become one of the most challenging states for agents placing coverage for well-maintained condominium, apartment buildings, and SFRs in recent years, as several carriers have pulled back or reduced their appetite, creating tightened underwriting standards and rigid eligibility rules.
This has left many responsible landlords and property owners with limited or unstable options, especially for older properties with legacy infrastructure. These challenges are especially acute across the Portland-Eugene I-5 corridor, where demand for comprehensive, consistent coverage continues to outpace available capacity.
Honeycomb enters Oregon as a differentiated alternative to traditional carriers. Through fast, streamlined quoting and underwriting, and pricing tailored at the individual property level, Honeycomb enables agents to confidently place well-managed properties regardless of building age or other commonly restrictive factors. The result is greater consistency, long-term stability, and a much-needed new option for Oregon landlords and property owners.
Agents can quote and bind policies within minutes using only a property address for initial eligibility. Honeycomb’s platform evaluates each property individually, which supports faster pricing and more consistent underwriting across different building ages.
According to Beinsure, the digital model gives agents another option as traditional carriers reduce capacity or exit selected habitational markets. For well-managed properties, the company aims to offer stable renewals and pricing based on property-specific risk rather than broad market exclusions.
Itai Ben-Zaken, Co-Founder and CEO of Honeycomb Insurance, said Nevada reflects a market where agents need to manage more client demand with fewer carrier options. He said Honeycomb’s technology evaluates each property on its own merits and gives agents fast pricing for well-managed assets, including properties traditional insurers often decline.
Our technology allows us to evaluate every property on its own merits, giving agents access to fast, accurate pricing and stable coverage for well-managed properties, including many that traditional carriers often overlook
Itai Ben-Zaken, Co-Founder and CEO of Honeycomb Insurance
“We’re excited to bring that approach to Nevada and continue expanding our footprint across the country,” said Itai Ben-Zaken.
Honeycomb now covers more than $100 bn in insured assets across 24 states. The company said it plans further expansion during the year while maintaining underwriting discipline and stable renewals across shifting market conditions.
The Chicago-based insurer specialises in tailored property and casualty insurance coverage for landlords and condominium associations.
Built by insurance and real estate professionals, Honeycomb uses proprietary technology to underwrite properties often overlooked by traditional carriers.
The platform removes the need for physical inspections and supports admitted and non-admitted products across states covering more than 70% of the US population. Honeycomb operates from offices in the US and Israel.
