Californian insurtech Hippo has raised $25m in a series B funding round led by Fifth Wall and Comcast Ventures. Hippo offers a streamlined, customer-centric platform aimed at homeowners, rather than rental tenants, with features including a 24/7 claims concierge team and a 60-second quote process. The company has a presence in Texas and Arizona, and CEO Assaf Wand aims to reach 60% of the US population by the end of this year. In addition to its home insurance products, Hippo also provides mobile apps for consumers who want access to their own personal data on everything from car repairs to health issues.
Californian insurtech Hippo has raised $25m in a series B funding round led by Fifth Wall and Comcast Ventures. Hippo offers a streamlined, customer-centric platform aimed at homeowners, rather than rental tenants, with features including a 24/7 claims concierge team and a 60-second quote process. The company has a presence in Texas and Arizona, and CEO Assaf Wand aims to reach 60% of the US population by the end of this year. Hippo's series B follows other substantial investments in insurtech, such as SoftBank leading a $120m investment in Lemonade, and Jetty raising $11.5m in a series A round.