Mary Meeker’s Bond Capital Leads $100M Round In Insurance Startup Hippo, Crowning It A Unicorn

This morning, another startup sprouted a horn by joining the unicorn club. Hippo, a company that works in the home insurance space, raised a $100 million round this morning, valuing it at $1 billion according to Fortune.

That another private tech company is now a unicorn is hardly news in 2019; so many companies have met that valuation mark that it’s nearly mundane. That another insurance startup is now a unicorn is slightly notable, but there are a number of highly-valued companies in the space: Lemonade, another tech startup in the insurance space, is worth $2 billion today after its latest $300 round.