About Hippo
Hippo is a company based in Palo Alto (United States) founded in 2015 by Eyal Navon.. Hippo has raised $709.36 million across 6 funding rounds from investors including Lennar, Fifth Wall and Aquiline Capital Partners. The company has 478 employees as of December 31, 2024. Hippo has completed 3 acquisitions, including Sheltr, Spinnaker and SwingDev. Hippo offers products and services including Homeowners Insurance, Hippo Home App, and Smart Home Tech. Hippo operates in a competitive market with competitors including Resilience, Kin, Steadily, Slide Insurance and Safely, among others.
- Headquarter Palo Alto, United States
- Employees 478 as on 31 Dec, 2024
- Founders Eyal Navon
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hippo Holdings Inc.
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Annual Revenue
$372.1 M77.44as on Dec 31, 2024
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Net Profit
$-40.5 M85.17as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$709.36 M (USD)
in 6 rounds
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Latest Funding Round
$350 M (USD), Series F
Nov 24, 2020
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Investors
Lennar
& 36 more
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Employee Count
478
as on Dec 31, 2024
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Investments & Acquisitions
Sheltr
& 2 more
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IPO & Listings of Hippo
Hippo is a publicly listed company on the NYSE with ticker symbol HIPO in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hippo
Hippo offers a comprehensive portfolio of products and services, including Homeowners Insurance, Hippo Home App, and Smart Home Tech. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Policy for protecting homes from damage and liabilities.
Application for home maintenance and leak detection services.
Sensors for detecting leaks, fires, and motion in homes.
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Funding Insights of Hippo
Hippo has successfully raised a total of $709.36M across 6 strategic funding rounds. The most recent funding activity was a Series F round of $350 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series F — $350.0M
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First Round
First Round
(14 Dec 2016)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series F - Hippo | Valuation | MS&AD Ventures , Mitsui Sumitomo Insurance |
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| Jul, 2020 | Amount | Series E - Hippo | Valuation | FinTLV , Ribbit Capital | |
| Jul, 2019 | Amount | Series D - Hippo | Valuation | Bond Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hippo
Hippo has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lennar, Fifth Wall and Aquiline Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on seed to series B stage companies
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Founded Year | Domain | Location | |
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Venture capital firm investing in fintech sectors
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hippo
Hippo has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Sheltr, Spinnaker and SwingDev. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home maintenance services are booked via a subscription-based online platform.
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2018 | ||||
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Spinnaker is engaged in providing program insurance solutions.
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2014 | ||||
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Software development services are provided by Swing in Oakland.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hippo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hippo Comparisons
Competitors of Hippo
Hippo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Resilience, Kin, Steadily, Slide Insurance and Safely, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cyber risk management services are provided to investment industries.
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| domain | founded_year | HQ Location |
Homeowner insurance is offered via an online platform for individuals.
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| domain | founded_year | HQ Location |
Rental property insurance coverage is provided via an online platform.
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| domain | founded_year | HQ Location |
Provider of homeowners insurance
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| domain | founded_year | HQ Location |
ID verification solutions are provided for vacation rentals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hippo
Frequently Asked Questions about Hippo
When was Hippo founded?
Hippo was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Hippo located?
Hippo is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Hippo a funded company?
Hippo is a funded company, having raised a total of $709.36M across 6 funding rounds to date. The company's 1st funding round was a Series D of $100M, raised on Dec 14, 2016.
How many employees does Hippo have?
As of Dec 31, 2024, the latest employee count at Hippo is 478.
What is the annual revenue of Hippo?
Annual revenue of Hippo is $372.1M as on Dec 31, 2024.
What does Hippo do?
Hippo was founded in 2015 in Palo Alto, United States, within the insurance sector. An online platform is operated to provide homeowners insurance, including coverage for house cleaners, babysitters, and additional risks. Quotes are offered for home content inventories, water backup protection, gas, water, and sewer connections, as well as computers and home office equipment. Claims processing solutions are also handled through the platform.
Who are the top competitors of Hippo?
Hippo's top competitors include Kin, Steadily and Resilience.
What products or services does Hippo offer?
Hippo offers Homeowners Insurance, Hippo Home App, and Smart Home Tech.
Is Hippo publicly traded?
Yes, Hippo is publicly traded on NYSE under the ticker symbol HIPO.
How many acquisitions has Hippo made?
Who are Hippo's investors?
Hippo has 37 investors. Key investors include Lennar, Fifth Wall, Aquiline Capital Partners, Ribbit Capital, and Standard Industries.
What is Hippo's ticker symbol?
The ticker symbol of Hippo is HIPO on NYSE.
What is Hippo's valuation?
The valuation of Hippo is $1.5B as of Nov 2020.
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