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Madison Reed Founder Amy Errett Joins Hippo’s Board of Directors

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Hippo turns the traditional industry norm on its head with proactive protection that customers actually need for their homes today.

Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced that Amy Errett will join the Hippo Board of Directors to support the company’s vision to deliver a modern and proactive home insurance experience to homeowners.

“Too many homeowners have been exhausted by the challenges of dealing with the antiquated and unintuitive home insurance industry,” Errett said. “Hippo turns the traditional industry norm on its head with proactive protection that customers actually need for their homes today. I am pleased to join the Hippo Board to help people truly enjoy their homeownership experience.”

Hippo brings a proactive approach to home insurance that focuses on whole home protection. The company will benefit from Errett’s financial and operational expertise building and growing consumer brands into household names as it establishes Hippo as a bold and distinctive leader in the home insurance industry.

Errett is the founder and CEO of Madison Reed, an omnichannel beauty brand, and a Partner at True Ventures, which has invested in consumer and ecommerce startups, including Peloton, Ring, and Sweetgreen. Prior to founding Madison Reed, Errett was a General Partner responsible for the Bay Area office of Maveron, a leading consumer-sector venture capital firm. Before Maveron, Errett was CEO of Olivia, the travel company for LGBTQ+ women, where she led the repositioning of the travel business to a complete lifestyle company. During her tenure at Olivia, Errett was named the Ernst & Young Entrepreneur of the Year for Northern California. Errett also served on the senior management team at E*TRADE, which followed her 10 years as Founder and CEO of The Spectrem Group, a worldwide strategic consulting firm.

“Amy brings extraordinary leadership as both a founder and investor,” said Assaf Wand, CEO and Co-founder of Hippo. “For years, I’ve watched her build businesses that reshape industries and create modern consumer experiences, which is exactly how we’re reimagining home insurance. I’m honored and excited to work alongside a leading operator, passionate entrepreneur, and incredibly smart board member.”

Errett is a member of YPO (Young Presidents’ Organization) and serves on the boards of the University of Connecticut Foundation, The Bay School of San Francisco, Holey Grail Doughnuts, and Madison Reed. She has a B.A. in liberal arts from the University of Connecticut and an MBA from The Wharton School at the University of Pennsylvania.

Amy’s appointment to the Hippo Board of Directors comes at a critical point as the company prepares to become a public company. In March 2021, Hippo announced a definitive business combination agreement with Reinvent Technology Partners Z (“RTPZ”) (NYSE:RTPZ), a special purpose acquisition company that takes a “Venture Capital at Scale” approach. Upon the closing of the transaction, the combined company will be publicly traded.

About Hippo

Hippo Insurance Services offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. Our goal is to make homes safer and better protected so customers spend less time worrying about the burdens of homeownership and more time enjoying their homes and the life within. Harnessing real-time data, smart home technology, and a growing suite of home services, we are creating the first integrated home protection platform. Hippo is headquartered in Palo Alto, California with offices in Austin and Dallas, Texas and insurance products available to more than 80 percent of U.S. homeowners in 37 states. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing information, visit http://www.hippo.com.

Important Information for Investors and Stockholders

This communication relates to a proposed transaction between RTPZ and Hippo. This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. RTPZ has filed a registration statement on Form S-4 with the SEC, which includes a document that serves as a prospectus and proxy statement of RTPZ, referred to as a proxy statement/prospectus. The proxy statement/prospectus will be sent to all RTPZ shareholders. RTPZ also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of RTPZ are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by RTPZ through the website maintained by the SEC at http://www.sec.gov. The documents filed by RTPZ with the SEC also may be obtained free of charge at RTPZ’s website at https://z.reinventtechnologypartners.com or upon written request to 215 Park Avenue, Floor 11 New York, NY.

Participants in the Solicitation

RTPZ and Hippo and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from RTPZ’s shareholders in connection with the proposed transaction. A list of the names of the directors and executive officers of RTPZ and information regarding their interests in the business combination is contained in the proxy statement/prospectus. You may obtain free copies of these documents as described in the preceding paragraph.

Forward Looking Statements

This communication may be deemed to include certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between RTPZ and Hippo. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of RTPZ’s securities; (ii) the risk that the transaction may not be completed by RTPZ’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by RPTZ; (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the agreement and plan of merger governing the proposed transaction (the “Merger Agreement”) by the shareholders of RTPZ, the satisfaction of the minimum trust account amount following redemptions by RPTZ’s public shareholders and the receipt of certain governmental and regulatory approvals; (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction; (v) the inability to complete the PIPE investment in connection with the transaction; (vi) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Merger Agreement; (vii) the effect of the announcement or pendency of the transaction on Hippo’s business relationships, operating results, and business generally; (viii) risks that the proposed transaction disrupts current plans and operations of Hippo and potential difficulties in Hippo employee retention as a result of the transaction; (ix) the outcome of any legal proceedings that may be instituted against Hippo or against RTPZ related to the Merger Agreement or the proposed transaction; (x) the ability to maintain the listing of RTPZ’s securities on a national securities exchange; (xi) the potential volatility of the price of RTPZ’s securities due to a variety of factors, including changes in the competitive and highly regulated industry in which RTPZ plans to operate or Hippo operates, variations in operating performance across competitors, changes in laws and regulations affecting RTPZ’s or Hippo’s business, and changes in the combined capital structure; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the transaction, and identify and realize additional opportunities; (xiii) changes in domestic and foreign business, market, financial, political, and legal conditions; (xiv) natural or man-made catastrophes such as wildfires, hurricanes, typhoons, earthquakes, floods, climate change (including effects on weather patterns, greenhouse gases, sea, land and air temperatures, sea levels, and rain and snow), nuclear accidents, pandemics (including COVID-19), or terrorism or civil unrest; (xv) the continued impact of COVID-19 and related risks; (xvi) the ability to collect reinsurance recoverable, credit developments of reinsurers, and any delays with respect thereto and changes in the cost, quality, or availability of reinsurance; (xvii) the actual amount of new and renewal business, market acceptance of products, and risks associated with the introduction of new products and services and entering new markets; (xviii) the ability to increase the use of data analytics and technology; and (xix) the ability to attract, retain, and expand RTPZ’s or Hippo’s customer base. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of RTPZ’s registration on Form S-1 (File No. 333-249799), the registration statement on Form S-4 discussed above and other documents filed by RTPZ from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and RTPZ and Hippo assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither RTPZ nor Hippo gives any assurance that either RTPZ or Hippo or the combined company will achieve its expectations.

Investor Contacts:

Hippo: [email protected]

RTPZ: [email protected]

Media Contacts:

Andrea Collins / Courtney Klosterman

[email protected]

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Source: https://www.prweb.com/releases/madison_reed_founder_amy_errett_joins_hippos_board_of_directors/prweb18069721.htm

Crowdfunding

Properly, a Canadian Tech-Enabled Real Estate Brokerage, Secures CAD 44M via Series B from Bain Capital Ventures, Others

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Properly, the Canadian technology-powered real estate brokerage, reveals that it has secured CAD 44 million through its Series B financing in order to support its national expansion across Canada’s $400 billion real estate market.

As noted by the company in a blog post, Bain Capital Ventures led Properly’s financing, and was joined by investors Intact Ventures, the venture unit Canada’s largest provider of property and casualty insurance, and FCT, the national service provider in real estate tech and title insurance.

Several prominent individuals also took part in Properly’s round, including Mike Katchen (co-founder and CEO of Wealthsimple), Spencer Rascoff (co-founder and former CEO of Zillow and Pacaso) through his firm 75 & Sunny, Eric Wu (co-founder and CEO of Opendoor), Lydia Jett (Softbank Vision Fund), and Jonathan Ehrlich (Partner at Foundation Capital and former head of marketing at Facebook).

Anshul Ruparell, co-founder and CEO of Properly, stated:

“We’re creating a future where Canadians can buy or sell a home with dramatically less friction and surprising simplicity. We’re bringing best-in-class tools and services to the market to support our customers from their initial home search through to closing a home sale. As a result, we’ve experienced exponential growth, but we’re just at the start of our journey. We’re excited to use this financing to bring better services to Canadians across the country.”

Merritt Hummer, Partner at Bain Capital Ventures. said that they have invested in several high-potential Proptech firms based in the US and their investment in Properly is their “first of this kind in Canada.”

Hummer added:

“The vision that Anshul and his team have to transform the home buying and selling experience and the unquestionable need for innovation in the Canadian real estate industry is what compelled us to invest in Properly. We are proud to lead their Series B financing to help accelerate their growth plans nationally.”

Properly is currently working to make real estate transactions “genuinely frictionless.” The firm also noted that the investments from Intact Ventures and FCT will serve to complement current partnerships with large Canadian banks “to enable Properly to provide a more seamless home buying experience for Canadians.”

Justin Smith-Lorenzetti, Investment Director at Intact Ventures added:

“We were impressed by Properly’s growth and the innovative tools and services the company has already brought to the real estate industry. The company’s vision to better serve the customer, especially in major real estate markets, is important. We’re looking forward to working with Anshul and his team and supporting Properly in enabling a more seamless home buying experience for Canadians.”

Michael LeBlanc, CEO at FCT, noted:

“Investing in Properly is consistent with FCT’s desire to support innovative companies with strategies to streamline real estate transactions. We look forward to supporting Properly’s vision to advance the real estate journey for Canadian homebuyers.”

To learn more about Properly’s current portfolio of proprietary tools and services along with other details, check here.

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Source: https://www.crowdfundinsider.com/2021/07/178219-properly-a-canadian-tech-enabled-real-estate-brokerage-secures-cad-44m-via-series-b-from-bain-capital-ventures-others/

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Crowdfunding

CrowdProperty Easily Tops £800K on Seedrs in Crowdfunding Round

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CrowdProperty, a leading UK-based property investment platform, looks like it may double its targeted raise on Seedrs. With a couple of weeks left on the securities offering, CrowdProperty has raised over £1.4 million on a funding goal of £800,000.

According to the offering page, CrowdProperty is raising EIS qualified equity at a pre-money valuation of £29.4 million or about 4.6% in ownership. As of today, the offering has received the backing of 611 individual investors. Shares, priced at £21.78 each, will be available for trading on the Seedrs Secondary Market.

CrowdProperty has recently reported a series of material events that have boosted the platform. Earlier this month, CrowdProperty reported a £300 million institutional funding line agreement with an unnamed investment manager.”

The funding line is a five-year agreement that complements CrowdProperty’s existing sources of capital including retail investors.

This past May, CrowdProperty lent £8,320,000, while paying back £7,520,000, and receiving £285,000,000 of funding applications from SME property professionals. CrowdProperty said it set a lending record in June, initiating £16,000,000 of new facilities and lending £8,800,000.

CrowdProperty makes its money by assessing an arrangement fee of between 2-3% and loan income of 1.5-2.5%pts p.a. charged to borrowers.

CrowdProperty benefits from a tight housing market and SME property professionals that may struggle to access the finance they need.

For individual investors, you can generate returns of up to 8% per backed with the investment-backed by first charge security. CrowdProperty notes that since 2013, 100% of financed projects have been paid back. A pretty impressive record.

The offering is currently live until mid-August.

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

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Source: https://www.crowdfundinsider.com/2021/07/178246-crowdproperty-easily-tops-800k-on-seedrs-in-crowdfunding-round/

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Real Estate

105± acre Former Cold War Missile Defense Radar Base | Being…

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Former Cold War Missile Defense Radar Base on 105± acres | Mohawk, MI

Former Cold War Missile Defense Radar Base on 105± acres | Mohawk, MI

“In our 101-year history of selling some very unique assets for clients around the world, I would say this is by far the most unique property we have ever had up for auction. I am very curious to see who will win the Bidding War.”

Maas Companies of Rochester, Minnesota will be conducting the auction. Maas Companies works nationwide with government, lenders, companies and private owners to sell commercial and industrial assets at auction, with an emphasis on unique assets.

Also known as Mount Horace Greeley, the property is the highest point in Keweenaw County and is the most northern part of the UP extending far out into Lake Superior which made it an ideal location for one of the US Cold War’s radar defense sites.

Shortly after the start of the Korean War in 1950, the US obtained intelligence that the Soviets were designing and manufacturing a massive offensive military force consisting of advanced jet aircraft and long-range missiles. Realizing the speed of this threat, the US Department of Defense authorized 28 advanced radar sites to be built; Calumet Air Force Station is one of these sites. The location on Mt. Horace Greeley provided the perfect view of outside threats. The site was operational in 1951 and remained active for almost 4 decades. During this time, the station was one of the most advanced radar surveillance networks in the world capitalizing on its secluded location. The site employed 275 persons and due to the remote location, the campus also provided housing and living amenities for these families.

The facility is now available to the high bidder with a low minimum bid of $50,000*. The new owner will work with the local municipality to help usher the property into its next chapter. In recent months, other missile defense sites have sold to buyers with visions of being completely off the grid and embracing true social distancing. With high-speed internet and heavy power at the site, the 105 acres could easily house extensive computer server farms, RV park, resort, training facilities or self-sustaining communal living environments with panoramic views of Lake Superior. While envisioning future use the new owner will need to work with the local municipality and government to allow remaining environmental site cleanup and utility access to get completed.

Tyler Maas, Chief Auctionologist with Maas Companies states, “In Maas Companies’ 101-year history of selling some very unique assets for clients around the world, this is by far the most unique property up for auction. Time to see who will win the Bidding War.”

Bidders are encouraged to explore the property on the following open house times: Tuesday, July 27, from 9:00 AM – 3:00 PM ET or Tuesday, August 17, also from 9:00 AM – 3:00 PM. Other times by appointment.    

Details of the sale are available at the auction website, http://www.MaasCompanies.com, or by contacting the auction company directly at 507-285-1444        

*Starting Minimum Bid

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Source: https://www.prweb.com/releases/105_acre_former_cold_war_missile_defense_radar_base_being_offered_at_auction_for_50_000/prweb18083523.htm

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Real Estate

Groundbreaking Tuesday for $53M Point Mugu Coast Guard Air Station,…

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We’re honored to support these contracts and to work with a proactive and collaborative design-build team.

The Point Mugu Naval Base Ventura County will hold a groundbreaking ceremony Tuesday, July 27, for its $53 million Coast Guard Air Station. The permanent new air station will include a 43,045-square-foot hangar facility with four bays, shops, and storage for MH65T and MH60J helicopters, as well as a 12,183-square-foot administration building.

Woolpert designed the air station and provided associated utilities, site improvements and sanitary sewer modifications. The firm also conducted bridge engineering and design to support the installation of a new concrete taxiway with asphalt-paved shoulders that will connect the new aircraft parking apron and aircraft hangar to the base’s existing NBVC Taxiway B. The concrete parking apron will include a hot refueling area and a TALON grid system to simulate U.S. Coast Guard ship tiedowns, as well as parking for 85 personal-occupancy vehicles.

The one-story hangar will have support space for storage and maintenance and will be able to be accessed via a four-panel, vertical lift fabric door with a 250-foot clear opening. The administration building will contain offices, conference rooms, a clinic and berthing functions. The project was designed to achieve LEED certification.

Woolpert Federal Design Practice Leader Joseph Bissaillon said the beddown of this air station is one of many multiple-award construction contracts that Woolpert has underway with the U.S. Coast Guard.

“We have been working coast to coast on U.S. Coast Guard projects, from Ventura County to New England, Texas and Florida,” Bissaillon said. “This air station will help the Coast Guard reestablish its permanent presence in the Los Angeles area and continue its protection of U.S. waterways, ports and shorelines. We’re honored to support these contracts and to work with a proactive and collaborative design-build team.”

The Coast Guard Air Station at Point Mugu it is scheduled to be completed in January 2023.

About Woolpert
Woolpert is the premier architecture, engineering, geospatial (AEG) and strategic consulting firm, with a vision to become one of the best companies in the world. We innovate within and across markets to effectively serve public, private and government clients worldwide. Woolpert is an ENR Top 150 Global Design Firm, recently earned its fifth-straight Great Place to Work certification and actively nurtures a culture of growth, inclusion, diversity and respect. Founded in 1911 in Dayton, Ohio, Woolpert has been America’s fastest-growing AEG firm since 2015. The firm has over 1,300 employees and 42 offices in three countries. For more, visit woolpert.com.

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Source: https://www.prweb.com/releases/groundbreaking_tuesday_for_53m_point_mugu_coast_guard_air_station_designed_by_woolpert/prweb18088268.htm

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