North East Development Fund

"Raising investment is one of the most challenging aspects of running a startup, and we’re delighted to have achieved this £1.2m raise with the continued support of Maven and with further investment from the crowd. We’re also thrilled to welcome Insurtech Gateway to the honcho family. As specialists in our sector they will bring an immense amount of support to honcho as we enter our next phase of growth. Insurtech Gateway’s expertise across the sector extends from technological capabilities to expertise on products and consumer acquisition, and we’re looking forward to working with them."

"We are delighted to support Richard and the team as they embark on a programme of growth. Aero will support smaller agencies to attract enterprise level ecommerce website customers and provide an innovative, out of the box solution to those clients. Online sales and ecommerce platforms are highly attractive growth markets and we look forward to supporting Aero as it executes its expansion plans."

"Car insurance is becoming increasingly expensive, particularly for young people, and honcho's proposition will provide a fun, engaging and more cost-efficient way of purchasing insurance products via its unique reverse auction marketplace model."

"John has built an impressive senior management team around him and we are delighted to support the business as it enters an exciting new phase of growth."