# Hippo Insurance Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hippo-insurance-services

- Industry: Insurance
- Headquarters: San Jose, US
- Website: www.hippo.com
- Total disclosed funding: $330M
- Latest round: Series E (Jul 8, 2020)
- Investors on record: 21

## About

Founded in 2015 by Assaf Wand and Eyal Navonand, and based in California, US, Hippo Holdings Inc., aka Hippo (NYSE: HIPO) is a holding company that through its subsidiaries operates as an InsureTech company that offers home insurance plans. The company provides policy suggestions and price quotes by tapping into public records, satellite imagery, and smart home sensors. Also, its insurance products are underwritten by various licensed insurance companies. 

In July 2020, Hippo Insurance Services raised USD 150 million in Series E funding from Dragoneer Investment Group, FinTLV Ventures, Innovius Capital, MS&AD Ventures, Next Play Capital, and Ribbit Capital. The round gave the company a USD 1.5 billion post-money valuation.

The company offers access to home-care services and ongoing home maintenance through Hippo Home Care. The company's core offerings include comprehensive home insurance policies that mitigate common household risks such as leaks, fire, and electrical issues. It also offers Hippo Smart Home program which offers eligible customers complimentary smart home devices to alert homeowners of potential issues such as water leaks.Hippo Holdings Inc. operating subsidiaries include Hippo Insurance Services, Hippo Home Care, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Mainsail Insurance Company.

The company will use the July 2020 funding to accelerate the company’s expansion, including reaching 95% of the U.S. homeowner population in the next 12 months, hire people, invest in its technology operations, and support the company’s proposed acquisition of a national insurance carrier.

## Funding rounds

- Series E, Jul 8, 2020, $150M — Comcast Ventures, RPM Ventures, Felicis Ventures, Crescent Enterprises, Horizons Ventures, ICONIQ Capital, Ribbit Capital, Propel, Dragoneer Investment Group, Pipeline Capital Partners, Zeev Ventures, Fifth Wall Ventures, Standard Industries Inc., Lennar Corporation, FinTLV Ventures, Bond, Innovius Capital
- Series D, Jul 17, 2019, $78M — Comcast Ventures, RPM Ventures, Felicis Ventures, Hillhouse Investment, Horizons Ventures, ICONIQ Capital, Propel, Pipeline Capital Partners, Zeev Ventures, Fifth Wall Ventures, Standard Industries Inc., Lennar Corporation, Bond
- Series C, Oct 25, 2018, $62M — Granite Asia, Comcast Ventures, Felicis Ventures, Fifth Wall Ventures, Lennar Corporation
- Series B, Nov 28, 2017, $25M — Comcast Ventures, iGlobe Partners, RPM Ventures, Fifth Wall Ventures
- Series A, Oct 28, 2016, $14M — Granite Asia, iGlobe Partners, RPM Ventures, Horizons Ventures, Propel, Pipeline Capital Partners
- Seed, May 15, 2016 — Abstract Ventures

## Investors

- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A, Series C
- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series A, Series B
- RPM Ventures (https://capitalatlas.ai/funds/rpm-ventures) — Series A, Series B, Series D, Series E
- Horizons Ventures — Series A, Series D, Series E
- Propel (https://capitalatlas.ai/funds/propel) — Series A, Series D, Series E
- Pipeline Capital Partners (https://capitalatlas.ai/funds/pipeline-capital-partners) — Series A, Series D, Series E
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series B, Series C, Series D, Series E
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series B, Series C, Series D, Series E
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series C, Series D, Series E
- Lennar Corporation — Series C, Series D, Series E
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series D
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series D, Series E
- Zeev Ventures (https://capitalatlas.ai/funds/zeev-ventures) — Series D, Series E
- Standard Industries Inc. — Series D, Series E
- Bond (https://capitalatlas.ai/funds/bond) — Series D, Series E
- Crescent Enterprises — Series E
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series E
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series E
- FinTLV Ventures (https://capitalatlas.ai/funds/fintlv-ventures) — Series E
- Innovius Capital (https://capitalatlas.ai/funds/innovius-capital) — Series E