Lemonade (company)

Lemonade (company)

An insurance technology company using artificial intelligence and behavioural economics to offer home and renters insurance.

Lemonade is An insurance technology company using artificial intelligence and behavioural economics to offer home and renters insurance that is headquartered in New York City, New York and was founded in 2015 by Daniel Schreiber and Shai Wininger.

Lemonade offers users a monthly subscription for Contents Insurance or Liability Insurance (or both packaged) starting at two Euros per month. Insurance can cover the user, their home, and everything they own. The company also leverages an artificial intelligence designed to craft coverage plans for customers.

Funding
Series A

On August 30, 2016 Lemonade completed their series A funding round with $13 million in funding from Sequoia Capital Israel and Aleph.

Series B

On December 5, 2016 Lemonade completed their series B funding round with $34 million in funding from XL Innovate, Tusk Ventures, Thrive Capital, Sequoia Capital Israel, General Catalyst, GV, Counterpart Advisors, and Aleph.

Series C

On December 19, 2017 Lemonade completed their series C funding round with $120 million in funding from SoftBank (lead investor), Tusk Ventures, Sequoia Capital, General Catalyst, GV, and Aleph.

Series D

On April 11, 2019 Lemonade completed their series D funding round with $300 million in funding from SoftBank (lead investor), Thrive Capital, OurCrowd. General Catalyst, GV, and Allianz.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Lemonade Series D round
300,000,000
April 11, 2019
2 Results
Results per page:
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People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Bloomberg - Are you a robot?

Julie Verhage and Katherine Chiglinksy

Web

First, Fire All The Brokers: How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting The Insurance Business

Jeff Kauflin

Web

May 2, 2019

How Lemonade disrupted the insurance industry and built a multi-billion dollar business - Econsultancy

Patricio Robles

Web

April 23, 2019

Insurance app Lemonade looks set to drop lawsuit against Germany's Wefox

Steve O'Hear

Web

August 3, 2018

Documentaries, videos and podcasts

Title
Date
Link

"Lemonade gathers 100x more data"- Lemonade CEO Daniel Schreiber at Tech Crunch Disrupt SF 2018

September 9, 2018

"That was fun! Now for Act 2" Lemonade CEO Daniel Schreiber at ITC 2018

October 22, 2018

Introducing The Lemonade App [See It In Action]

September 21, 2016

Lemonade has reinvented insurance from the ground up | TechCrunch Founder Spotlight 2017

May 30, 2017

Lemonade: Insurance Powered by Tech & Driven by Social Good ❤

March 1, 2018

The Future of Insurance | Lemonade @ DIA Munich 2017

January 11, 2017

The Lemonade App | Renters & Homeowners Insurance Powered by Tech

July 9, 2018

What's Next in Insurance Tech | Future of Fintech 2016

June 22, 2016

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Will Daniel
January 14, 2021
Business Insider
Lemonade saw its shares fall on Thursday after short-seller Citron Research called out management and put a $100 price target on the firm.
Emily Graffeo
January 12, 2021
markets.businessinsider.com
Lemonade, which is backed by SoftBank, focuses on digitizing the process of obtaining homeowners and renters insurance.
Lea Nonninger
December 22, 2020
Business Insider
This has been a turbulent year for fintechs--but a number of fintechs rode the waves of economic uncertainty to great success in 2020.
Romain Dillet
December 8, 2020
TechCrunch
Lemonade is launching its renters insurance in France. This is the company's third European launch after the Netherlands and Germany. Originally from the U.S., Lemonade is now a public company with a current market capitalization close to $4 billion. Lemonade will compete directly with a local competitor called Luko. Both companies share a lot of [...]
Research and Markets
November 23, 2020
www.prnewswire.com:443
/PRNewswire/ -- The "Digital Insurance Platform Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering....
StackCommerce
November 17, 2020
Engadget
If your home is burglarized or damaged in a natural disaster, your insurance policy might be the only thing that keeps you afloat. It's a new type of insurance company that uses technology to reimburse you-sometimes instantly. With rates starting as low as $5 per month for renters insurance and $25 per month for homeowners insurance, Lemonade can save you time and money if disaster strikes.
Victor Chatenay
November 13, 2020
Business Insider
Lemonade reached $7.3 million in gross profits, and the insurtech plans to add term life insurance and continue its European expansion with France.
JD Alois
November 11, 2020
Crowdfund Insider
Click HERE to find out ⭐ Insurtech Lemonade Reports Top Line Revenue of $17.8 Million, Net Loss of $30.9 Million. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Sam Dean
August 14, 2020
Los Angeles Times
A company called PopID is rolling out the country's first-ever facial recognition payment system at a cluster of restaurants in Pasadena. It's easy and contactless for covid-conscious customers, and cuts down on payment fees for businesses. But is it too creepy to catch on?
Alex Wilhelm
July 23, 2020
TechCrunch
Startups that fit under the broad umbrella of insurance technology are having quite a year. In early 2020, insurtech marketplaces raised hundreds of millions of dollars, and as the year continued, more insurtech startups saw their fortunes rise. But these busy and lucrative recent quarters are perhaps best demonstrated by Lemonade's IPO. The rental and [...]
Anthony Ha
July 15, 2020
TechCrunch
Reliance Jio continues to add billions of dollars to its bank account, Apple scores a tax victory in Europe and researchers test a system for undersea Wi-Fi (with lasers!). Here's your Daily Crunch for July 15, 2020. Google invests $4.5 billion in India's Reliance Jio Platforms Another giant tech company has invested in India's largest [...]
Jordan Crook
July 15, 2020
TechCrunch
Lemonade today launched pet insurance, marking its entry into a new vertical of insurance for the first time since it launched its renters/home owners insurance in 2016. Lemonade CEO Daniel Schreiber told TechCrunch back in February that some 70 percent of Lemonade customers with a home owners or renters policy are also pet owners, and [...]
JD Alois
July 8, 2020
Crowdfund Insider
Click HERE to find out ⭐ Insurtech: Getsafe CEO Christian Wiens Comments on Lemonade IPO, European Insurance Market. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Eric Eldon
July 4, 2020
TechCrunch
Hundreds of tech-oriented startups worth a billion or more dollars had envisioned successful public offerings before the pandemic hit. But new tech listings slowed to nearly nothing this spring as companies have tried to adjust to the profound changes sweeping the world. Today, more and more companies are back to their previous plans, with Lemonade [...]
JD Alois
July 2, 2020
Crowdfund Insider
Click HERE to find out ⭐ Insurtech Lemonade Prices IPO Higher than Expected, Shares Pop on First Day of Trading on NYSE, OurCrowd Books Another Win for Investors. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Sophia Kunthara
July 2, 2020
Crunchbase News
Insurance tech company Lemonade set its IPO price at $29 per share, above the price ranges it had previously set.
Alex Wilhelm
July 2, 2020
TechCrunch
If you'd predicted in late March and early April that Q3 would kick off with a wide-open IPO market that had receptive investors, I doubt anyone would have believed you.
JD Alois
July 2, 2020
Crowdfund Insider
Click HERE to find out ⭐ At the Last Minute, Lemonade Prices IPO Higher as Insurtech Scheduled to Trade on NYSE. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Alex Wilhelm
July 1, 2020
TechCrunch
Ahead of its expected IPO pricing later today, SoftBank-backed insurtech startup Lemonade has raised its expected price range. After initially targeting $23 to $26 per share in its debut, Lemonade now intends to sell its equity for $26 to $28 per share. The Exchange is a daily look at startups and the private markets for [...]
JD Alois
July 1, 2020
Crowdfund Insider
Click HERE to find out ⭐ Lemonade Increases Target Price of IPO, Shares Scheduled to Trade on NYSE July 2nd. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
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References

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