5 years ago

Hiro Raises £1.5M in Record Time to Disrupt Home Insurance with Smart Tech

  • London-based insurtech startup Hiro has raised £1.5 million in crowdfunding, surpassing its initial target of £1.2 million in just 14 minutes

  • The company, which offers home insurance with cheaper premiums for homes equipped with smart technology, plans to use the funding for its commercial launch in early 2021

  • Hiro's insurance policies are tailored to the type and number of smart home devices a customer has, with more devices leading to lower premiums.

      • ProblemFinancial Services

      "Home insurance is expensive and doesn't take into account the safety features of modern homes."

      Solution

      "Hiro offers cheaper home insurance to people who have smart home devices. They use technology to assess the risk of a claim and offer discounts to people who have smart home devices."

      Covered on