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Hippo is now a unicorn

Home insurance startup Hippo has raised a $100 million round led by Bond Capital at a valuation north of $1 billion, according to Fortune.

  • What they do: The startup relies on existing insurance companies and takes a commission from policies granted through the platform. With software and technology, Hippo seeks to bring efficiency to the antiquated insurance process.
  • SoftBank lurking… Hippo competes with SoftBank-backed Lemonade, which is valued at $2 billion.
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