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.
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.
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.
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.
"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
- Cluster: Insurance TechnologyAn industry around technology applied to insurance sometimes also referred to as Insurtech or Insuretech, whereby companies sell or distribute insurance or related products (such as data) digitally.
- InsuranceEquitable transfer of the risk of a loss, from one entity to another in exchange for payment
- Artificial intelligenceTopics related to artificial intelligence.