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Honeycomb Raises $4M Seed Round - Family Social App

December 13, 2021
Honeycomb Raises $4M Seed Round - Family Social App

A New Social App for Families, Honeycomb, Secures $4 Million in Seed Funding

Honeycomb, a startup spearheaded by women, is introducing a dedicated social application designed for families. The launch is supported by $4 million in seed funding, with Stellation Capital, led by Peter Boyce, taking the lead in the investment round.

Currently transitioning from a private beta phase, the app provides families with a focused platform to preserve and exchange cherished moments and recollections directly through their smartphones. This offers an alternative to broader social media networks, such as Facebook, or the potential for lost media within conventional group text messaging.

Stellation Capital's First Investment and Key Backers

Notably, Honeycomb represents the inaugural investment made by Boyce with his recently established firm, Stellation Capital, following his departure from General Catalyst. Additional investors in this funding round include DCM (Kyle Lui), Bling Capital (Ben Ling), and Precursor Ventures (Charles Hudson).

The investor group also features prominent angel investors, such as Ancestry CEO Deborah Liu, Giphy founder Alex Chung, and Twitter VP of Engineering Nick Caldwell, who previously held a position at Reddit.

From Audio Stories to a Comprehensive Memory Platform

Honeycomb was co-founded by Amelia Lin, formerly of Udacity and Optimizely, and Nicole Wee, a previous product manager at Instagram. Initially, the founders envisioned an application called Saga, focused on capturing family histories through audio recordings.

This initial concept allowed families to record and share life stories, like accounts of how grandparents met or birthday messages for future listening. However, user feedback indicated a desire for a platform that also accommodated photos and videos.

Pivoting to a Visual Focus: The Rebranding as Honeycomb

Responding to this demand, the team shifted its focus and rebranded the application as Honeycomb last autumn.

honeycomb, a private social app for families, raises $4m seed roundThe revamped experience, launched in private beta in September, enables families to save their preferred photos and videos, integrating them with text to create a digital narrative. While currently comparable to a group chat via iMessage, it offers a convenient method for revisiting past shares, a feature often lacking in standard text messaging.

A key feature is the ability to set daily reminders to curate favorite memories, particularly beneficial for new parents documenting their baby’s milestones.

honeycomb, a private social app for families, raises $4m seed roundDaily Rituals and Complementing Existing Photo Storage

“We aim to make it a simple daily habit of sorting through the day’s best memories,” explains Lin. “Your selections are automatically compiled into a story shared with family and permanently preserved.”

However, Lin emphasizes that Honeycomb is not intended to replace existing photo storage services like Google Photos, Apple’s Photos app, or Dropbox, which are used for comprehensive backups, including duplicates and less-than-perfect images.

“I envision it as a curated, beautiful space for family interaction,” Lin states. “Platforms like Facebook and Instagram feel too public for sharing personal baby photos.” Honeycomb prioritizes privacy by default.

“Family members control who has access, representing a fundamentally different approach,” Lin adds. Furthermore, “we do not sell your photos or data to external parties.”

honeycomb, a private social app for families, raises $4m seed roundA Subscription Model and Future Accessibility

Honeycomb distinguishes itself from mainstream social apps through its planned subscription-based model, avoiding reliance on advertising revenue. Currently, the app is available for free as the startup establishes its user base.

The company is actively working on solutions to integrate older family members into the platform, potentially including options for exporting content to other sharing channels. The team believes the appeal of new photos of babies and children will motivate even less tech-savvy grandparents to adopt the app.

New users will initially access a core set of features. Soon, they will be invited to participate in the new beta, which introduces a more immersive story format for sharing memories.

The decision to prioritize human curation over artificial intelligence for selecting the best photos and videos is a deliberate one. The long-term viability of this approach, particularly as the initial excitement of new additions wanes, remains to be seen.

honeycomb, a private social app for families, raises $4m seed roundThe Role of AI and the Importance of Context

While AI can be beneficial, for example, in identifying and discarding poorly lit or exposed photos, users generally prefer to retain control over selecting their “best” photos and creating albums with personal context.

Automated “memories” generated by AI can also be unwelcome, potentially resurfacing times users would prefer to forget.

A balanced approach, combining AI assistance with manual curation within a private social environment, may prove to be the optimal solution.

Growth and Future Plans

Honeycomb is currently not disclosing user numbers, but Lin reports a tripling of engagement since the pivot from Saga.

“Honeycomb embodies a genuine mission-driven ethos, leveraging technology to fulfill a fundamental human need: preserving and sharing family memories,” stated Stellation’s Peter Boyce regarding his investment. “Honeycomb has the potential to modernize the family album. It’s uncommon to encounter such a significant opportunity for innovation. Families are ready for a new generation of social apps—ones that are personal and intimate—and this team is building it.”

The Honeycomb team, currently comprising seven members, intends to utilize the new funding to expand its workforce, particularly by hiring engineers to work from its San Mateo office. The company anticipates adding approximately ten new employees.

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