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.
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.
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.
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.
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.
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.
"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
First, Fire All The Brokers: How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting The Insurance Business
May 2, 2019
How Lemonade disrupted the insurance industry and built a multi-billion dollar business - Econsultancy
April 23, 2019