Announced
Completed
Financials
Sources
Tags
United States
Majority
Acquisition
Software
software solutions
Domestic
Friendly
Merger
Single Bidder
Private
De-SPAC
Completed
Private Equity
Reverse Takeover
Synopsis
Hippo Enterprises, a company offering web and mobile application solutions for home insurance products, went public via a merger with Reinvent Technology Partners Z, a blank check company, in a $5bn deal. Additional Investors include Dragoneer, Lennar, Ribbit, Top Tier Mutual Funds and Reinvent Capital. “Our guiding principle is that the best claim is one that never happens, and if it does happen, then we should make our customers' experience as smooth as possible. The evolution of our industry must be grounded in meeting today’s customer needs. Through this strategic partnership with Reinvent and an incredible team of world-class entrepreneurs, investors, and employees, we can’t wait to transform the homeowner experience and accelerate our growth," Assaf Wand, Hippo CEO and Co-Founder.
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