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Lemonade

company

About

Lemonade operates as a full-stack insurance company powered by AI and behavioral economics and driven by social good.

  • 1001 - 5000

Highlights

Total Funding Amount
$454M
Funding Rounds
3
Investors
4
Acquisition
1

Details

Last Funding Type
Series D
Last Funding Money Raised
$300M
Industries
Artificial Intelligence,Financial Services,Insurance,InsurTech
Founded date
Jan 1, 2015
Number Of Employee
1001 - 5000
Operating Status
Active

Lemonade operates as a full-stack insurance company powered by AI and behavioral economics and driven by social good. It is a licensed insurance carrier, offering homeowners and renters insurance. Lemonade replaces brokers and bureaucracy with bots and machine learning, delivering zero paperwork and instant everything. The company uses artificial intelligence and behavioral economics to set rates for the homes and renters it insures.

Lemonade was founded in Tel Aviv, Israel, in 2015 and is headquartered in New York, NY, United States.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$454M
Lemonade has raised a total of $454M in funding over 2 rounds. Their latest funding was raised on Apr 11, 2019 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 11, 2019 Series D $300M 3 — — Detail
Dec 19, 2017 Series C $120M 3 — — Detail
Dec 5, 2016 Series B $34M 2 General Catalyst — Detail

Investors

Number of Lead Investors
Number of Investors
1
4
Lemonade is funded by 4 investors. OurCrowd and Allianz are the most recent investors.
Investor Name Lead Investor Funding Round
OurCrowd — Series D
Allianz — Series D
General Catalyst — Series D
Tusk Venture Partners — Series C

Acquisition

Lemonade has acquired 1 organizations. Their most recent acquisition was Metromile on Nov 8, 2021. They acquired Metromile for $145M.

Date Company Name
Industry Acquisition Type Price
Nov 8, 2021 Metromile
Insurance acquisition $ 145M Detail
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