Hippo Insurance

Hippo is a new kind of insurance company that uses modern technology to provide a simpler process, smarter coverage, and a completely new approach to how we care for our homes.

Hippo offers intuitive and proactive home insurance by taking a smarter, tech-driven approach.

Hippo was founded in 2015 by Assaf Wand & Eyal Navon and is based in Mountain View, California.

Hippo Insurance automated the process and modernized coverage, allowing us to offer policies that cover the homes and possessions that consumers own today, often with greater savings.

Hippo uses technology to evaluate a home during the onboarding process and uses features like thermal and satellite imagery to monitor changes to a homeowner’s property over time. It also has a smart home program–the company will provide smart home devices to homeowners, which will alert them of things like water leaks.

 

Hippo Insurance takes a proactive approach to home insurance, providing our customers with smart home devices and working with them to identify and solve small issues in their homes before they become big claims.

 

Hippo is backed by Felicis Ventures, Horizons Ventures, Comcast Ventures, FinTLV Ventures, Mitsui Sumitomo Insurance, Ribbit Capital, Dragoneer Investment Group, Bond, ICONIQ Capital and others. The company raised $350M in Series F round on Nov 24, 2020. This brings Hippo's total funding to $609M to date. Hippo was valued at $1.5B after it had raised a Series E in Jul 2020.

 

 

  • Year founded: 2015
  • Funding Info: $609M over 6 Rounds (Latest Funding Type: Series F)
  • Yearly Revenue: $100M-$200M (2019)
  • Employee Size: 201-500
  • Business Valuation: Valued at $1.5B as of July 21, 2020
  • City/Town: Mountain View
  • State: California
  • Country: United States
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