24 July 2020

InsurTech Hippo raises $150mn  

Written By FinTech Alliance

InsurTech Hippo raises $150mn  

US InsurTech Hippo has raised $150mn Series E funding. 

In Brief:  

  • The company is now valued at $1.5bn.  

  • Hippo was founded in 2015 and offers a bespoke insurance platform.  

  • Investors included Comcast Ventures, Felicis Ventures, Fin TLV and Ribbit Capital.  

What does this mean?  

Hippo, which is a main rival to Lemonade, has reported strong growth over the past three years. It will use the funding for continued expansion in the US where it aims to reach 95% of the population within 21 months.  

Read more here.  

  

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