The My Broom Broke So Now I Ride A Unicorn Halloween shirt new funding will be used to expand, hire, invest in a company’s technology operations and help support the acquisition of a proposed insurance company, according to a company statement. Hippo has a target of reaching 95% of homeowners in the US in the next year.
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Hippo uses technology to evaluate a home during its introduction and uses features like thermal and satellite imaging to track changes to a homeowner’s property over time. It also has a smart home program – the company will make smart home devices available to homeowners, which will warn them of things like water leaks.
New investors in the My Broom Broke So Now I Ride A Unicorn Halloween shirt Series E round include FinTLV Ventures, Ribbit Capital, Dragoneer Investment Group and Innovius Capital. The company last raised money in July 2019 with Bond-led $ 100 million Series D, according to Crunchbase.
The hippopotamus seems to be slowing its growth rate twice. The company announced plans to acquire Spinnaker Insurance Company last month, and has a “active hiring plan” for its Palo Alto headquarters, as well as its offices in Austin and Dallas, according to the My Broom Broke So Now I Ride A Unicorn Halloween shirt statement. . It will also expand its presence in Austin with a new campus that can accommodate up to 310 employees.
The company said it started selling its policies to homeowners in 2017 in California and is now present in 29 states.
Sales grew a record 60% year-on-year in Q2 2020, something Hippo attributed to many at home amid the My Broom Broke So Now I Ride A Unicorn Halloween shirt COVID-19 epidemic. In the last year, the My Broom Broke So Now I Ride A Unicorn Halloween shirt company’s written premium increased to $ 270 million, corresponding to a 140% year-on-year growth, according to the statement.
Hippo is among a number of insurance technology companies that have been successful in recent years. Most recently, insurance technology company Lemonade, which provides insurance for homeowners, renters and pets, went public and saw its stock soar.