Growth Catalyst Partners has made a significant undisclosed equity investment in HoneyQuote, an AI-enabled insurance brokerage building distribution infrastructure for coastal insurance markets. The investment will support acquisitions and continued investment in HoneyQuote's proprietary technology platform as the company accelerates its expansion across Florida and other coastal markets.

HoneyQuote connects homeowners, carriers, agents and distribution partners through a single integrated system, focusing on markets where carrier volatility, rising catastrophe risk and regulatory complexity have created structural inefficiencies. Its technology platform powers quoting, binding and servicing workflows across more than 30 regional carriers, giving independent agents, enterprise partners and real estate channels access to markets through a unified system.

Since partnering with GCP, HoneyQuote has executed a consolidation strategy bringing smaller, fragmented agencies onto its platform, completing 15 acquisitions in recent months with additional opportunities in progress. HoneyQuote's leadership team has also made co-investments alongside GCP.

"HoneyQuote has built a differentiated platform in a highly complex and underserved market," said James Nally, managing director at Growth Catalyst Partners. "We see a clear opportunity to combine technology, acquisitions, and embedded distribution to create a scaled leader in coastal personal lines." Terms of the deal were not disclosed. Founded in 2019 and headquartered in Florida, HoneyQuote combines proprietary technology with customer guidance across homeowners, condo, flood, renters, auto and other personal insurance lines.