The home insurance provider boosted its overall funding to $109m in a round co-led by Lennar and backed by Comcast and Munich Re.
Property developer Lennar co-led a $70m funding round for US-based home insurance startup Hippo on Wednesday with venture capital firm Felicis Ventures.
The round included all Hippo’s major existing investors including Munich Re Ventures and Comcast Ventures, respective corporate venturing subsidiaries of reinsurance firm Munich Re and mass media group Comcast.
Hippo operates an online platform that enables users to get a home insurance quote in the space of less than a minute and buy cover in four minutes. It…
