HoneyQuote partners with Growth Catalyst Partners

Florida-based digital brokerage HoneyQuote has partnered with private equity firm Growth Catalyst Partners to fund acquisitions and expand its coastal homeowners insurance platform. Terms were not disclosed.

HoneyQuote said it has completed 15 acquisitions in recent months as part of a consolidation strategy for smaller agencies. Its platform supports quoting, binding and servicing across more than 30 regional carriers for independent agents, enterprise partners and real estate channels.

Founded in 2019, HoneyQuote plans to use the investment to expand in Florida and other coastal markets while further developing its sales and servicing automation.

“Coastal homeowners insurance is among the most structurally constrained segments in the industry. Carriers lack efficient distribution, agents lack market access and modern technology, and customers are left with a poor experience as a result. HoneyQuote’s platform bridges these gaps, delivering better outcomes for all stakeholders, and our partnership with GCP allows us to scale that vision significantly faster.” – Freddy Seikaly, CEO of HoneyQuote.