Israeli Insurtech Startup Hippo Raises $25M

January 23, 2018 | Israeli-founded insurtech startup Hippo, which uses modern tech to provide proactive, and comprehensive homeowners insurance, announced yesterday that it had raised $25 million in a Series B funding round. The round was led by VC firms Comcast Ventures and Fifth Wall. This is the first insurance investment for both investors, signaling their interest in a fast-growing insurtech market. The California-based firm said it will use the investment to expand the company across the US in 2018, including the opening of a new customer service center in Austin, Texas. Launched in January 2015, Hippo is led by Israeli-born CEO Assaf Wand, who founded the company with Eyal Navon. The company closed a $14 million Series A funding round in December 2016 led by Horizons Ventures with participation from RPM Ventures, Propel Venture Partners, GGV Capital, and Pipeline Capital.