On January 6, 2020, it was acquired by PayPal for about $4 billion. By January 2018, Honey raised a total of $40.8 million in venture backing. Honey raised a $26 million Series C round, led by Anthos Capital in March 2017. By March 2014, the company had 900,000 organic users. A bug tester leaked the tool to Reddit, where it went viral. PayPal Honey, formerly known as Honey, is an American technology company and a subsidiary of PayPal known for developing a browser extension that aggregates and automatically applies online coupons on eCommerce websites.Įntrepreneurs Ryan Hudson and George Ruan founded Honey in November 2012 in Los Angeles, California, after building a prototype of the browser extension in late October 2012.
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