Palo Alto based home insurance technology company raised $350 in new funding from Mitsui Sumitomo Insurance.
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Hippo raises $350m in funding for next stage of growth
Hippo was valued at $1.5 billion in July, although Wand noted this figure was now outdated because of market developments and the growth of the business. He declined to disclose an updated valuation. "We have been very thoughtful on the people that we've bought into the capital structure and how can they help us build the biggest franchise," said Wand.
