Unicorn Hippo Insurance Raises A Fresh $350M
Summary
The new money comes just more than four months after the company raised a $150 million Series E round that brought its valuation to $1.5 billion. The company also gives policyholders smart home device kits that help detect problems such as water and fire damage. Aside from its tech, Wand said Hippo resonates with customers because of an enhanced consumer experience along with its more modern policies that include coverage of possessions like appliances, electronics and home offices. The company will evaluate acquisition opportunities with the new money, eyeing both new talent and additional capabilities, Wand said. What type of exit those investors will see is unknown, but Wand said Hippo has been operating like a public company for the past six to nine months.