November 20, 2019
Honey Science Corp. Co-Founders Ryan Hudson and George Ruan at their Mid-Wilshire headquarters.
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Honey Science, which was founded in 2012 to help customers find online shopping deals, made a huge leap from startup to established player in November 2019 when it was acquired for $4 billion in cash from PayPal.
Venture Capital: LA nears ‘inflection point’ as size and volume of deals surge
If PayPal Inc.’s purchase of ecommerce software developer Honey Science Corp. is any indication, Los Angeles’ startup scene is reaching a new plateau.
PayPal Holdings Inc. paid $4 billion to acquire Mid-Wilshire-based ecommerce software developer Honey Science Corp.