A growing Los Angeles-based technology company established a Boulder presence with a 2,500-square-foot sublease in downtown’s Canyon Center.
Honey, which helps online shoppers find the best deals, has hired seven people over the last six weeks and expects to continue to grow in Boulder and other locations. It occupies 40,000 sf in Los Angeles and just signed a lease for 130,000 sf to expand there. The company also has an office in Santa Barbara, California, and remote locations in Australia and the United Kingdom.
“There’s a lot of very seasoned engineering talent in Boulder. One of the advisers to our company was located there and mentioned he could build a really great team. He’s done just that for us, so we’re able to expand our product portfolio based upon leveraging Colorado,” said Chief Operating Officer Glen Allison.
“The beauty of the new location is it’s a decent size building where we have the ability to expand spaces. Once we tap out above that 2,500 sf, we should be able to grab an additional office across the hall or move ourselves into a bigger suite,” he said.
Savills Studley represents the tenant nationally.
Honey plans to open the office, located at 1881 Ninth St., midmonth.
The 6-year-old company has established a reputation for helping people find and apply coupons for stores where they shop, “but we’re moving more and more toward providing the best deal for people online,” Allison said. “We have a feature called Droplist where you can tell us how much you want to pay for a product and we’ll notify you when the price drops to that list price. We have some features on Amazon where we’ll do comparisons to make sure that, based upon your Prime membership, and shipping and location, the vendor they select for you is actually the best one for you personally.”
Honey also has a travel feature that Allison said typically saves people 20 percent of the price they would pay to book a hotel online.
“We’re really expanding our brand, and Boulder is a big part of that,” said Allison, adding the company is focused on recruiting and hiring the best talent that fits its culture.
“Even if we could hire 10 people a month, we wouldn’t do that,” he said. “It’s not a financial issue for us. It’s really around culture and ensuring that we’re building the best company,” he said.