Insuretech Startup Plans To Cover The Modern Homeowner

Hippo, an insurtech startup looking to provide home insurance beginning in 2017, has announced $14 million in Series A funding led by VC firm Horizons Ventures. Hippo says it is taking a new approach to the home insurance experience with digital distribution and coverage standards that reflect the changes in home contents since home insurance policies were initially developed. The company plans to use investments for product development and marketing of its official launch early next year. Hippo has been approved by the California Department of Insurance to sell policies in the state and is currently in the middle of a closed beta program.