Hippo Insurance, a Palo Alto, California-based insurance technology provider, said it raised $100 million in Series D funding led by investor Mary Meeker's Bond Capital. 

Hippo officials said the funding will be used to grow the company's geographic reach, deepen its direct-to-consumer product portfolio and grow its distribution network of industry partners.

"In the last 12 months, Hippo added coverage in eight states and is on track to be available to 80% of the U.S. population by the end of 2019," Aviad Pinkovesky, chief product officer at Hippo, told Mobile Payments Today via email. 

Hippo provides customers with smart home devices and sensors that monitor the well being of their homes, such as motion detectors, smoke detectors and water leak detectors, he said. Customers can earn discounts on their premiums based on the data, however, the company does not collect or store data from the devices. 

Hippo works with a network of partners, including lender Better.com, homebuilder Lennar, cable and broadband provider Xfinity and First American Property & Casualty Insurance Co. 

The new funding round brings the total funding raised to $209 million. Other participants in the round include Comcast Ventures, Felicis Ventures, Fifth Wall, Hillhouse Capital, Horizons Ventures, Iconiq Capital, Lennar, Michael Ovitz and others.

Cover image: Courtesy of Hippo