Total raised
$1.3B
Last: Undisclosed 2020-11
Stage
Public
Founded
2015
Headcount
581
HQ
San Jose, United States
Sector
Fintech & Insurtech
About
Hippo Insurance is a property insurance company offering homeowners insurance that covers the homes and possessions of the insurance holder as well as liability from accidents happening in the insured property. The company uses artificial intelligence and big data to aggregate and analyze property information.
Funding history · 7 rounds · $1.3B total
2020-11
Undisclosed
$350.0M
2020-07
Series E
$150.0M
2019-06
Series D
$100.0M
2018-11
Series C
$70.0M
2018-01
Series B
$25.0M
2017-01
Series A
$14.0M
2016-05
Seed
$12.5M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When did Hippo Insurance go public and on which exchange?
- Hippo Insurance went public on the NYSE in August 2021 with the ticker HIPO.
- What was the total amount of funding raised by Hippo Insurance before its IPO?
- Hippo Insurance raised a total of $1.2715 billion in funding prior to its IPO. For a full financing history, please refer to startupim.
- Which investors led Hippo Insurance's Series B round?
- Fifth Wall and Comcast Ventures led Hippo Insurance's Series B funding round in January 2018.
- What was a significant investment received by Hippo Insurance in November 2020?
- In November 2020, Hippo Insurance secured a $350 million investment from Japanese insurance giant MS&AD Ventures.
- What operational change occurred at Hippo Insurance in August 2022?
- In August 2022, Hippo Insurance implemented a 1-for-25 reverse stock split, effective September 29, 2022. Additionally, the company laid off 10% of its workforce.
- What leadership change took place at Hippo Insurance in June 2022?
- In June 2022, Hippo Insurance's founder, Asaf Wand, stepped down from the CEO position.
- What strategic move did Hippo Insurance make in March 2023 regarding its stock?
- In March 2023, Hippo Insurance announced a $50 million stock repurchase program.
- What new appointment did Hippo Insurance make in August 2023?
- In August 2023, Hippo Insurance appointed Peter Piotrowski as its Chief Claims Officer.
- What was a key development for Hippo's First Connect platform in March 2024?
- In March 2024, Hippo's First Connect platform reached a milestone of 100 carrier and MGA partners and launched a new Appetite Finder feature.
- What strategic distribution relationship did Hippo Insurance announce in March 2026?
- In March 2026, Hippo Insurance announced a strategic distribution relationship with Progressive Insurance® across eight states.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtech
Technologies
Artificial IntelligenceMachine Learning
Target customers
Financial ServicesFinancial ProductsInsurance
Business model
B2CB2B
Tags
proptechartificial-intelligenceinsurtechbig-dataunicorn-2020fintech