Citi Ventures has returned to help the administrative support marketplace hike its valuation to over $1bn in a series D round led by Durable Capital Partners.

US-based freelancer business software provider HoneyBook secured $155m in series D funding yesterday from investors including Citi Ventures, the corporate venturing arm of financial services group Citi.

Private equity firm Durable Capital Partners led the round, which also featured 01 Advisors, Battery Ventures, Norwest Venture Partners (NVP), OurCrowd, Tiger Global Management and Zeev Ventures. It valued the company above $1bn, according to TechCrunch.

HoneyBook’s digital tool helps independent service providers based in its home country and Canada manage administrative tasks…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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