Leading insurtech disruptor Hippo to Go Public in a $5bn deal
We are excited to see Hippo going public in a merger with Reinvent Technology Partners Z and a deal that values the insurance technology company at $5 billion.
Our families invested at a $1.5 billion valuation and stage where capital was needed to support their rapid growth, and we were impressed with their resilience through COVID and their deep partnerships with homebuilders to offer customers the best home insurance services available.
- Hippo is Building the First End-to-End Home Protection and Insurance Platform
- 69% CAGR in Total Written Premiums in Last Three Years
- Transaction Represents Enterprise Value of $5.0 Billion for Hippo
- Hippo Expects to Have up to $1.2 Billion in Cash to Fund Growth and Operations
- Includes Fully Committed PIPE of $550 Million
Founded in 2015, Hippo’s goal is to make homes safer and better protected by taking a proactive approach designed to prevent losses. Harnessing real-time data, smart home technology, and a growing suite of home services, the company is creating the first vertically integrated, end-to-end home protection and insurance platform. Press release below:
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