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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.

What’s not commonly known, however, is that the peer-to-peer transactions at work when claims are paid operate on a distributed ledger via smart contracts — a digital policy that pays out instantly once a claim is verified.

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

April 11, 2019
Lemonade raises a $300,000,000 series D round from Allianz, General Catalyst, Inventure Partners, OurCrowd, SoftBank Group and Thrive Capital.
December 19, 2017
Lemonade raises a $500,000,000 series C round from Aleph, Aleph Venture Capital, General Catalyst, Sequoia Capital, SoftBank Group and Tusk Ventures.
December 2016
Lemonade raises a $34,000,000 series B round from Counterpart Advisors, General Catalyst, Sequoia Capital Israel, Thrive Capital and XL Innovate.
August 2016
Lemonade raises a $13,000,000 series A round from XL Innovate.
December 2015
Lemonade raises a $13,000,000 seed round from Aleph, Expansion Venture Capital and Sequoia Capital Israel.
2015
Lemonade was founded by Shai Wininger.

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

"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

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

News

Title
Author
Date
Publisher
Description
Callum Burroughs
June 1, 2021
Business Insider
Wefox has raised the largest round ever by an insurance startup as it looks to disrupt the $5 billion global insurance market.
Rachel Metz, CNN Business
May 27, 2021
CNN
A key part of insurance company Lemonade's pitch to investors and customers is its ability to disrupt the normally staid insurance industry with artificial intelligence. It touts friendly chatbots like AI Maya and AI Jim, which help customers sign up for policies for things like homeowners' or pet health insurance, and file claims through Lemonade's app. And it has raised hundreds of millions of dollars from public and private market investors, in large part by positioning itself as an AI-powered tool.
JD Alois
May 19, 2021
Crowdfund Insider
Click HERE to find out ⭐ Lemonade Accused of Data Leak by Short Seller. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
JD Alois
May 19, 2021
Crowdfund Insider
Click HERE to find out ⭐ Insurtech Hedvig Announces European Expansion, Starts in Denmark. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Mercedes Bent
May 19, 2021
Business Insider
Mercedes Bent argues every consumer startup should consider incorporating behavioral economics into their design toolkits.
SHOW MORE

References

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