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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HIPO
News
- Hippo Appoints Andrea Collins as Chief Marketing OfficerPR Newswire
- Hippo Holdings Inc. (NYSE: HIPO) had its price target raised by analysts at JMP Securities from $25.00 to $35.00. They now have a "market outperform" rating on the stock.MarketBeat
- Hippo Holdings Inc (HIPO) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Improved ... [Yahoo! Finance]Yahoo! Finance
- Hippo Holdings Inc. (HIPO) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Hippo Reports Third Quarter 2024 Financial ResultsPR Newswire
HIPO
Earnings
- 11/11/24 - Miss
HIPO
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 4
- 12/18/24 - Form 144
- HIPO's page on the SEC website