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Hippo in Talks to Merge With Mark Pincus, Reid Hoffman SPAC

  • Deal set to value the combined company at more than $5 billion
  • Hippo counts Dragoneer, Ribbit, Iconiq among its investors
Mark Pincus

Mark Pincus

Photographer: David Paul Morris/Bloomberg

Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter.

The transaction with Reinvent Technology Partners, a special purpose acquisition company that counts Zynga Inc. founder Mark Pincus and LinkedIn co-founder Reid Hoffman as its lead directors, is set to value the combined entity at more than $5 billion, according to one of the people, who requested anonymity because the talks are private. Terms could change or talks may fall apart.