Centana Growth Partners Acquires Majority Stake in Hippo’s First Connect Insurance Services
Hippo Holdings Inc. (HIPO)
Company Research
Source: Business Wire
Strategic growth equity investment to allow First Connect to focus exclusively on enhancing its online platform that digitally connects independent agents and carriers NEW YORK & PALO ALTO, Calif.--(BUSINESS WIRE)--Centana Growth Partners, a growth equity firm specializing in the financial services ecosystem, is pleased to announce that it has acquired a majority stake in insurtech platform First Connect Insurance Services, formerly an indirect wholly-owned subsidiary of Hippo Holdings Inc. (NYSE: HIPO). Aviad Pinkovezky will continue in his role as President and has been named CEO, post closing.The initial investment, exceeding $60 million, is led by Centana with participation from Pruven Capital, Cota Capital, and Cross Creek. This funding will enable First Connect to accelerate product growth, expand market penetration, and continue its efforts to be the industry-leading insurtech platform, providing independent insurance agents with fast access to carriers and cutting-edge, tec
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- Hippo Reports Third Quarter 2024 Financial ResultsPR Newswire
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- HIPPO TO REPORT THIRD QUARTER FINANCIAL RESULTS ON NOVEMBER 8, 2024PR Newswire
HIPO
Earnings
- 11/11/24 - Miss
HIPO
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- HIPO's page on the SEC website