Some Insurtech Companies Get Multibillion-Dollar Valuations

A number of insurtech startups are coming to market through blank-check companies. Here are valuations of several that have announced special purpose acquisition company (SPAC) plans.

Source: Reuters | Published on August 4, 2021

New SEC rules for SPACs

COMPANY                                      IMPLIED ENTERPRISE VALUE

CCC Information Services Inc        $7.0 billion

Hippo Enterprises Inc                     $5.0 billion

Clover Health Investments Corp    $3.7 billion

Doma Holdings Inc                        $3.0 billion

Kin Insurance Inc                           $1.0 billion

Metromile Inc                                $956 million

Porch Group Inc                           $523 million

 

Source: S&P Global Market Intelligence