Hippo Insurance

Homeowners insurance with smart technology integration

Palo Alto, California, United States

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About Hippo Insurance

Hippo provides homeowners insurance that combines traditional coverage with smart home technology and proactive home care services. Their insurance policies include features such as smart home devices that help detect and prevent potential issues in the home before they escalate. This approach not only protects the property but also offers homeowners peace of mind. Unlike many competitors, Hippo focuses on integrating technology into their insurance offerings, which allows them to offer a more comprehensive and modern solution for homeowners. The goal of Hippo is to keep homeowners informed and prepared, reducing the likelihood of problems and enhancing overall property protection.

Palo Alto, CaliforniaHeadquarters
2015Year Founded
$1,224.7MTotal Funding
IPOCompany Stage
Financial Services, Consumer GoodsIndustries
501-1,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Paid Vacation
Paid Sick Leave
Paid Holidays
Hybrid Work Options
Company Equity
401(k) Retirement Plan
401(k) Company Match
Parental Leave

Risks

Competition from InsurTech startups may erode Hippo's market share.
Rising smart home technology costs could impact Hippo's profitability.
Regulatory scrutiny on data privacy may increase compliance costs for Hippo.

Differentiation

Hippo integrates smart home technology with insurance for proactive home protection.
The company offers personalized maintenance advice through the Hippo Home app.
Hippo's New Homes Program enhances access to insurance for new homeowners.

Upsides

Increased smart home device adoption boosts demand for Hippo's integrated insurance policies.
Partnerships like Snapsheet enhance claims processing efficiency and customer satisfaction.
Proactive home maintenance trends align with Hippo's business model, driving growth.

Funding

Total raised$1.22 B
Latest valuation$5.00 B
StageIPO
SPAC IPO
7/31/2021
$230
$5.00 B
SPAC PRIVATE PLACEMENT
7/31/2021
$550
$5.00 B
CONVERTIBLE
10/31/2020
$350
SERIES E
6/30/2020
$150
$1.50 B
SERIES D
6/30/2019
$100
$1.00 B
SERIES C
10/31/2018
$70
$350.00 M
SERIES B
12/31/2017
$25
$125.00 M
SERIES A
11/30/2016
$14
$70.00 M