| Founded | 2015 |
|---|---|
| Closed | 2022 |
| Country | USA |
| Sector | Insurtech |
| Total raised | $700M+ (Sequoia, Dragoneer, Comcast Ventures, 2015–2021) |
| Collapse type | Sudden Collapse |
| Founder | Assaf Wand |
Hippo Insurance
"Tech-enabled homeowners insurance hit $5B SPAC valuation — then catastrophe losses hit and the stock fell 97%"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Hippo promised to disrupt homeowners insurance with smart home technology, IoT sensors, and better underwriting data.
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