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July 22, 2020

Insurtech Hippo secures $150m investment in Series E round

American insurtech Hippo has closed a $150m Series E financing round, which included participation from new investors FinTLV, Ribbit Capital, Dragoneer and Innovius Capital and existing backers.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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by GlobalData
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Existing investors are BOND, Comcast Ventures, Felicis Ventures, Fifth Wall, Horizons Ventures, ICONIQ Capital, Innovius Capital, Lennar Corporation, Pipeline Capital, Propel Venture Partners, RPM Ventures, Standard Industries, and Zeev Ventures.

The fundraising offers the firm a $1.5bn valuation.

Using the capital, Hippo intends to ramp up the firm expansion plans which involve reaching 95% of homeowners in the US over the next 12 months.

The firm will also use the funds to strengthen its staff headcount, make technology investments.

At the same time, the funding is said to facilitate the firm’s proposed takeover of a national insurance carrier.

Hippo leverages technology and data integrations to create a unique profile of a customer’s property during onboarding. It reviews changes to a customer’s property utilising features like thermal and satellite imagery.

The company has an aggressive hiring plan for its Palo Alto, California base as well as its offices in Austin and Dallas, Texas.

It intends to boost its staff headcount by 100 in 2020. It is also building its new Hippo ATX campus to expand its Austin, Texas presence.

Hippo co-founder and CEO Assaf Wand said: “We’ve seen tremendous growth over the last three years since launch, by leveraging technology wisely and reimagining the customer experience.

“We’re developing a long-term relationship with our customers, in part by supporting our insurance customers with home maintenance and smart home devices – all of which help solve small problems before they become big headaches.”

Last July, Hippo closed a $100m Series D funding round led by global technology investment firm Bond.

 

 

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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