Lemonade rival Hippo secures $70m in funding

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Lemonade rival insurtech Hippo has secured $70m (£55m) in Series C funding, led by Felicis Ventures and Lennar Corporation.

The investment brings its total funding raised to a total of $109 million (£85m).

The funding round was also joined by existing investors Fifth Wall, Abstract Ventures, Aquiline Technology Growth

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