Lemonade Competitor Hippo Raises Capital at $1.5 Billion Value
- Dragoneer, Ribbit Capital joined $150 million funding round
- Insurance tech firm’s CEO preparing for IPO next year
This article is for subscribers only.
Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round.
The Palo Alto, California-based startup is valued in the investment at $1.5 billion, according to the company. New investors Dragoneer and Ribbit Capital joined existing investors like Felicis Ventures and Iconiq Capital in the financing.