Lemonade
Latest round
- Series D
Last raised
- Jun 2019
Total raised
- $341M
Investors
- 19
About Lemonade
Lemonade, Inc.Founded in 2015, Lemonade, Inc. is headquartered in New York, US. The company operates a technology-focused platform for insurance, pivoting from traditional models to a customer-oriented approach. The founders include Amy Pollard, Rebell Mullins, Richard Peachey, Sarah Ticho, and Shai Wininger, with Daniel Schreiber serving as CEO.01 mn.Lemonade, Inc. primarily provides innovative insurance products, including renters, homeowners, car, pet, and term life insurance. These offerings are powered by a technology-driven platform utilizing artificial intelligence, enabling customers to receive tailored insurance solutions quickly, often within 90 seconds. Their approach improves transparency and trust, addressing common pain points like lengthy claims processing.50 mn. The company adopts a subscription-based model for revenue, where customers pay monthly premiums for their insurance coverage. Lemonade retains a flat fee from these premiums for operational costs, while the remaining funds are allocated for claims. For example, renters insurance starts at approximately USD 5 per month, and homeowners insurance begins around USD 25 per month.Lemonade, Inc. intends to enhance its product offerings and expand into new markets. The company is developing additional insurance products with plans for release in upcoming fiscal periods.01 mn in January 2021, Lemonade aims to utilize these funds to bolster their technological capabilities and facilitate expansion into new geographical regions. Recent partnerships and acquisitions indicate a strategy focused on strengthening their position in existing markets while exploring entry into additional international territories.
Who invested in Lemonade
19 investors across 6 rounds
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Questions about Lemonade
Who invested in Lemonade?
Lemonade has 19 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Lemonade raised?
Lemonade has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Lemonade last raise money?
Lemonade's most recent round on record is a Series D, in Jun 2019.
What does Lemonade do?
Lemonade is a insurance company.
Where is Lemonade headquartered?
Lemonade is headquartered in New York, US.
Which VCs invest in companies like Lemonade?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Lemonade's stage. Their profiles are linked below.
VCs backing insurance startups at Series D
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