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 65% 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.
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.