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14th June 2019

Maven funds invest a further £750,000 in honcho

Maven Capital Partners has invested a further £750,000, in disruptive car insurance platform, Honcho Markets Ltd. The funding has been provided by Maven VCTs (£322,500), North East Development Capital Fund, supported by the European Regional Development Fund (£322,500) and the Finance Durham Fund, established by Durham County Council (£105,000). The follow-on investment will support the business as it enters its next phase of development to launch the product nationally, add new insurance product lines and make significant enhancements to its platform. The investment will also support the creation of 10 jobs over the next 12 months, bringing the total staff numbers to 15.

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