Brooklyn-based Honcker Inc. last week announced it had closed a seed funding round of $3.6 million.
The round was led by Evolution Corporate Advisors, with participation from Lead Edge Capital.
“This injection of capital from our new value-added partners will now allow us to truly step on the gas,” said Founder and Chief Executive Nathan Hecht.
Hecht will participate in a “Fireside Chat” at the upcoming Auto Finance Summit on Oct. 25-27 to further discuss the startup’s growth.
Prior to founding Honcker, Hecht was founder and CEO of Dstrux, a platform for sharing self-destructing files on the web, and founder and CEO of LCD integration company Components Intl & CI Lumen Industries.
The Honcker app — which first piloted in September 2016 — acts as a marketplace that connects customers with more than 200 dealerships and their captives and financial institutions.
In addition, consumers can now use the Honcker app in eight states, three of which were added recently. More than 30,000 vehicles from 20 manufacturers are currently available for immediate lease in the Honcker app.
For more content like this, check out the 17th annual Auto Finance Summit, which will take place on Oct. 25-27 at the Wynn Las Vegas. To learn more about this year’s event — or to register — visit the Summit’s homepage here.
