Hippo raises $25 million for home insurance


So most money has been poured into word startups that it’s spawned a possess category, “insurtech.” Investors see an event to revoke inefficiencies and make customer-friendly products, and they trust that some-more immature people will buy word if a routine is some-more convenient.

From autos to rentals to theft, each word difficulty is saying “disruption.” One of a rising leaders in a home word marketplace is Hippo, that is lifting a $25 million Series B round. This brings a company’s sum appropriation to $39 million given it was founded 3 years ago. Comcast Ventures and Fifth Wall are heading a round, that a association says it will use to expand.

“There’s a need to start bringing a concentration on a customer,” pronounced Assaf Wand, Hippo’s co-founder and CEO. He touts a fast-and-easy use that can get we sealed adult for word in only 60 seconds.

He says that Hippo, currently protected for California, Arizona and Texas, can also cover a lot of home emergencies that customary word doesn’t cover, including problems stemming from use lines or damaged appliances. “We cover we for a things that we consider we should be lonesome for,” pronounced Wand.

Brendan Wallace, co-founder and handling partner during Fifth Wall, pronounced that he invested since “Hippo’s height is significantly cheaper and streamlined compared to a normal competitors.” He believes that “Hippo has all in place to gain on a consumer change to digital home insurance: higher technology, a rarely competent team, and placement partnerships out of strech for competitors.”

Hippo’s policies are underwritten by many of a existent word giants, and a association takes a elect on postulated word plans.

Prior investors embody Horizons Ventures and GGV Capital.

Featured Image: shanelinkcom/iStock

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Posted by on Jan 22 2018. Filed under NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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