Hippo
Founded Year
2015Stage
Reverse Merger | IPOTotal Raised
$709MRevenue
$0000About Hippo
Hippo (NYSE: HIPO) offers home insurance services using data and technology. The company uses municipal building records, satellite imagery, and smart home devices to streamline the quoting and onboarding experience for the protection of products and possessions, including appliances, consumer electronics, and home offices. It was formerly known as Hippo Analytics. The company was founded in 2015 and is based in Palo Alto, California.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Hippo's Product Videos
Hippo's Products & Differentiators
Home Insurance
With Hippo, homeowners can request a quote on our website in less than 60 seconds and purchase a policy within 5 minutes. This is powered by Hippo’s proprietary technology, which simplifies the quote flow process by pre-filling the traditional 60+ questions needed about your home’s age, makeup, and materials.
Research containing Hippo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Hippo in 14 CB Insights research briefs, most recently on Aug 16, 2022.
Expert Collections containing Hippo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Hippo is included in 8 Expert Collections, including Real Estate Tech.
Real Estate Tech
2,484 items
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Smart Cities
1,299 items
Smart building tech covers energy management/HVAC tech, occupancy/security tech, connectivity/IoT tech, construction materials, robotics use in buildings, and the metaverse/virtual buildings.
Fintech 250
500 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Insurtech
4,028 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
10,663 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Tech IPO Pipeline
282 items
Track and capture company information and workflow.
Hippo Patents
Hippo has filed 11 patents.
The 3 most popular patent topics include:
- Data management
- Database management systems
- Diagrams
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/13/2020 | 6/27/2023 | Database management systems, Database models, Data management, Software architecture, Software engineering | Grant |
Application Date | 10/13/2020 |
|---|---|
Grant Date | 6/27/2023 |
Title | |
Related Topics | Database management systems, Database models, Data management, Software architecture, Software engineering |
Status | Grant |
Latest Hippo News
Sep 14, 2023
Sezeryadigar/E+ via Getty Images Bradley L. Radoff and Etude Capital, who are among Hippo Holdings' (NYSE: HIPO ) 10 largest shareholders and hold nearly 2.5% of the insurance broker's outstanding shares, on Thursday urged Hippo's board to start a strategic review following a period of value destruction. "Since becoming a publicly traded entity in early 2021, Hippo has generated abysmal financial results and operated in an unsustainable manner," the shareholder group wrote in an open letter. In addition, the company should focus on disclosing "metrics that are critical to success as an insurer, such as book value and net income," instead of "giving meaningless non-GAAP guidance, like adjusted EBITDA." "Taking the right and necessary steps, in our view, could return $15-$20 in per share value," they added. HIPO closed Thursday's session at $9.41 a share, down 59.5% from a year ago. And, to help improve Hippo's ( HIPO ) governance going forward, the shareholder group wants the company to elect insurance industry veteran Jay Nichols Jr. as independent chair of the board. More on Hippo Holdings
Hippo Frequently Asked Questions (FAQ)
When was Hippo founded?
Hippo was founded in 2015.
Where is Hippo's headquarters?
Hippo's headquarters is located at 150 Forest Avenue, Palo Alto.
What is Hippo's latest funding round?
Hippo's latest funding round is Reverse Merger.
How much did Hippo raise?
Hippo raised a total of $709M.
Who are the investors of Hippo?
Investors of Hippo include Reinvent Technology Partners, Mitsui Sumitomo Insurance Venture Capital, Propel Venture Partners, Fifth Wall, Horizons Ventures and 37 more.
Who are Hippo's competitors?
Competitors of Hippo include Kin, SageSure, Obie, Bamboo, Openly and 16 more.
What products does Hippo offer?
Hippo's products include Home Insurance and 2 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Hippo to Competitors
Ranger offers an end-to-end digital platform that modernizes the role of insurance agents, evolving their role into home protection advisors. Its products aim to help optimize agents’ experience by leveraging a modern vertical software solution. It aims to make agents become the arbiters of advice, insights, and expertise in family home protection needs. The company was founded in 2021 and is based in New York, New York.
Branch provides an insurance platform. It delivers auto insurance, renters insurance, umbrella insurance, home insurance, insurance, bundled insurance, and more. The company was founded in 2017 and is based in Columbus, Ohio.
Informed Group helps companies in designing, developing, and implementing systems that help structure, manage, and control processes and corresponding activities. It is based in Woerden, The Netherlands.
Insure.com lets consumers compare rates from updated data and obtain insurance quotes from multiple insurance companies providing, home, life, health, auto and homeowners insurance.
State Farm Insurance is an insurance company. It provides insurance for cars, motorcycles, boats, commercial automobiles, and more. The company also provides life, health, and disability insurance. Additionally, it offers banking and investment services such as brokerage. The company was founded in 1922 and is based in Bloomington, Illinois.
Qualitas Insurance Company engages in auto insurance and offers commercial auto and personal auto insurance services. It is a subsidiary of Qualitas Mexico. It was founded in 2014 and is based in San Diego, California.
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