Dragoneer, Ribbit Capital, Felicis Ventures and Iconiq Capital led a $150m funding round in Hippo.

Investment companies Dragoneer, Ribbit Capital, Felicis Ventures and Iconiq Capital led a $150m funding round in Hippo, an insurtech company. Other backers included new investors FinTLV and Innovius Capital and existing investors BOND, Comcast Ventures, Fifth Wall, Horizons Ventures, Innovius Capital, Lennar, Pipeline Capital, Propel Venture Partners, RPM Ventures, Standard Industries, and Zeev Ventures, as well as large international hedge funds and family offices. Hippo, which was valued at about $1bn in a funding round last year, is preparing for a potential initial public offering, said Chief Executive Officer Assaf Wand.