$67.3-112.3k
+ Equity
Digital home-insurance provider
Open for applications
Digital home-insurance provider
501-1000 employees
Open for applications
$67.3-112.3k
+ Equity
501-1000 employees
To change how people think about home care and home insurance.
Share this job
View 12 more jobs at Hippo Insurance
-10% employee growth in 12 months
Nov 2020
$350m
CONVERTIBLE
Jul 2020
$150m
SERIES E
Hippo Insurance is a disrupter brand in the insurance market, using technology to change the way home insurance is managed. Based on smart home monitoring systems, clients can monitor the security of their homes and fix minor issues that may turn into larger ones later down the line.
Part of the new 'insurtech' revolution, Hippo Insurance brings a modern way of thinking to the somewhat outdated insurance market. Headquartered in Palo Alto, Hippo is technology-first and AI-driven. Its policies and services are currently available to 80% of US homeowners across 37 states.
The multi-unicorn company has garnered interest from established insurers and home-building companies eager to ride the insurtech wave. However, following a completed business combination with Reinvent Technology Partners Z in 2021, 83% of the latter's raised capital was withdrawn from Hippo. Though it still began trading at a value of $5 billion that year, Hippo's dramatic change of fortunes with Reinvent exemplifies how unpredictable the insurtech market can be, even for major players.
Steph
Company Specialist at Welcome to the Jungle