A quick check-in on the neoinsurance unicorn public meltdown


here was a period of time when insurtech startups actually selling their own insurance products were hot tickets in the private and public markets. Things have changed.

The venture-backed insurtech rollout to the public markets was lengthy. Lemonade, which sells rental insurance, went public in early July  2020. Root, which focuses on auto insurance, went out in October of the same year. Metromile, also in auto insurance, went public via a SPAC in February 2021. And, finally, Hippo, focused on home coverage, went public via a blank check company in August of last year.

It was quite the run of liquidity for companies that racked up impressive venture backing in their early days.

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