Lemonade Stock
insurance company powered by AI and behavioral economics
About Lemonade Stock
Lemonade is a property and casualty insurance company using a peer-to-peer model and providing insurance through a mobile application. Lemonade aims to provide a transparent insurance model. Customers pay an insurance fee for renters or home insurance, which is pooled among the policyholders. Lemonade pays out claims quickly and any leftover balance (after overhead, reinsurance, and claims payouts) is donated to charities policyholders care about. Lemonade claims on its website that it takes 90 seconds to be insured and 3 minutes to get paid from a claim.
Lemonade was founded in 2015 and is based in New York, New York.
Investors
Allianz
eBrands.vc
General Catalyst Partners
Snap, Jet, Deliveroo, Oscar Health, Stripe, Circle, ClassPass, ThoughtSpot, Gusto, Samsara
Inventure Partners
OurCrowd
Sequoia Capital
Airbnb, DoorDash, Instacart, Moderna Therapeutics, Nubank, Rappi, Dropbox, Jawbone, Stripe, UiPath
SoftBank Capital
Alibaba, SoFi, Snapdeal, Compass, Guardant Health, BuzzFeed, Fitbit, Lemonade, Kabbage, Gilt Groupe
Thrive Capital
Instacart, Nubank, Slack, Oscar Health, Compass, Stripe, Unity Technologies, ClassPass, Lemonade, GitHub
Funding History
| July 2015 | $13.0M |
|---|---|
| March 2016 | $13.6M |
| November 2016 | $34.1M |
| March 2018 | $120M |
| June 2019 | $300M |
Management
Co-Founder & Chief Executive Officer
Daniel Schreiber
Co-Founder & Chief Operating Officer
Shai Wininger
Chief Financial Officer
Tim Bixby
Chief Insurance Officer
John Peters
Press
TechCrunch - Jan, 3 2020
computerworld - Sep, 11 2019
TechCrunch - Jun, 11 2019
TechCrunch - Nov, 29 2018
TechCrunch - Oct, 8 2018
TechCrunch - Aug, 3 2018
TechCrunch - Jul, 20 2018
TechCrunch - Jun, 15 2018
TechCrunch - May, 16 2018
Other Companies
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