ILC ARTICLE

Are insurtech startups undervalued?

31st July 2020

Source: TechCrunch

On the heels of Hippo’s funding round and our exploration of how the private markets appear to be more conservative than public investors at the moment, we’re asking a new question: are a bunch of insurtech startups undervalued?

Hippo — an insurtech startup focused on home insurance — put together a $150 million round at a $1.5 billion post-money valuation after growing its gross written premium to $270 million “in the past 12 months.” At that valuation, and at pre-adjustment premium scale, Hippo  is super-cheap compared to Lemonade, another venture-backed insurtech startup that just went public.

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