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Lemonade (company)

Lemonade (company)

Lemonade is an insurance technology company using artificial intelligence and behavioral economics to offer home and renters insurance.

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Contents
Overview

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

Marketing video from Lemonade

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 artificial intelligence designed to craft coverage plans for customers. The peer-to-peer transactions at work when claims are paid operate on a distributed ledger via smart contracts—digital policies that pay out instantly once a claim is verified.

Funding
Series A

On August 30, 2016, Lemonade completed its series A funding round with an undisclosed amount from XL Innovate, the venture capital arm of insurance firm XL Catlin. Eight months prior, Lemonade completed a $13 million seed round from Sequoia Capital Israel and Aleph.

Series B

On December 5, 2016, Lemonade completed its 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 its 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 its series D funding round with $300 million in funding from SoftBank (lead investor), Thrive Capital, OurCrowd. General Catalyst, GV, and Allianz.

Timeline

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

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

https://www.youtube.com/watch?v=A2zn6nEm0gQ

September 9, 2018

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

https://www.youtube.com/watch?v=LDJkZzqx4-8

October 22, 2018

Bloomberg - Are you a robot?

Julie Verhage and Katherine Chiglinksy

https://www.bloomberg.com/news/articles/2018-08-02/lemonade-wants-to-sell-millennials-home-insurance

Web

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

Jeff Kauflin

https://www.forbes.com/sites/jeffkauflin/2019/05/02/lemonade-fintech-insurance-unicorn/#328879016cde

Web

May 2, 2019

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

Patricio Robles

https://econsultancy.com/how-lemonade-disrupted-the-insurance-industry-and-built-a-multi-billion-dollar-business/

Web

April 23, 2019

References

lemonade.com
Is a
Creative work
Creative work
Organization
Organization
Company
Company

Company attributes

Industry
‌
Vehicle insurance
‌
Home insurance
Insurance
Insurance
Insurance Technology
Insurance Technology
Property insurance
Property insurance
Artificial Intelligence (AI)
Artificial Intelligence (AI)
Technology
Technology
‌
Life insurance
...
Location
United States
United States
New York City
New York City
B2X
B2C
B2C
CEO
Daniel Schreiber (businessman)
Daniel Schreiber (businessman)
Shai Wininger
Shai Wininger
Founder
Shai Wininger
Shai Wininger
Daniel Schreiber (businessman)
Daniel Schreiber (businessman)
Pitchbook URL
pitchbook.com/profiles...149119-03
Legal Name
Lemonade Insurance Agency, LLC
Date Incorporated
2015
Number of Employees (Ranges)
1,001 – 5,000
Full Address
5 Crosby St FL 3 New York​, NY, 10013-3154 United States
CIK Number
1,691,421
Investors
S Capital
S Capital
Inventure Partners
Inventure Partners
SoftBank Group
SoftBank Group
Sequoia Capital
Sequoia Capital
Allianz
Allianz
General Catalyst
General Catalyst
OurCrowd
OurCrowd
Thrive Capital
Thrive Capital
...
Founded Date
2015
Email Address
help@lemonade.com
Phone Number
+18447338666
Total Funding Amount (USD)
617,000,000
Latest Funding Round Date
July 2, 2023
Competitors
Clearcover
Clearcover
Etherisc
Etherisc
Hippo (insurance company)
Hippo (insurance company)
ManyPets
ManyPets
Bunker (software company)
Bunker (software company)
Latest Funding Type
Series D round
Series D round
Initial public offering (IPO)
Initial public offering (IPO)
Latest Postmoney Valuation
2,000,000,000

Other attributes

Company Operating Status
Active
Latest Funding Round Amount (USD)
150,000,000

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