Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr

Home Insurance | November 25, 2019

Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported. The insurtech said it acquired Sheltr, a San Francisco-based tech-enabled services startup that provides home wellness checkups. The cash and stock deal adds Sheltr’s eight employees to the 200-plus already working for Hippo, which declined to disclose the specific price it paid. Assaf Wand, Hippo’s co-founder and CEO, explained to Carrier Management that Hippo has been looking at several targeted acquisition opportunities in recent months. He said that Sheltr stood above the rest because it fit into Hippo’s overall strategy and offerings. Sheltr just launched in 2018, and raised its first $3.2 million in seed financing in May 2019. Sheltr co-founder Andrew Wynn describes it as a home maintenance software company that lets Sheltr members schedule and pay for twice annual home checkups performed by “trained and trusted” home professionals. They conduct preventative maintenance tasks such as replacing furnace filters and changing smoke and carbon monoxide detector batteries, and also do tech-driven home assessments that catalog appliances, monitor a home’s exterior condition and give proactive recommendations for home services.

Spotlight

61 percent of data breaches happen to companies that have fewer than 1,000 employees. A cyber insurance policy could help protect your business from the financial blow of a hack or data breach.

Spotlight

61 percent of data breaches happen to companies that have fewer than 1,000 employees. A cyber insurance policy could help protect your business from the financial blow of a hack or data breach.

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