Lemonade Stock
insurance company powered by AI and behavioral economics
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About Lemonade Stock
Lemonade is now a public company.
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.Â
Lemonade was founded in 2015 and is based in New York, New York.Â
Investors
General Catalyst Partners
Snap, Jet, Stripe, Relativity Space, Devoted Health, Lacework, Oscar Health, Circle, Hopin, Vroom
Sequoia Capital
Market Kurly, Robinhood, Airbnb, Instacart, Tokopedia, Stripe, DoorDash, Rappi, CoinSwitch Kuber, UiPath
eBrands.vc
OurCrowd
Allianz
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 - Feb, 4 2020
Lemonade is getting into pet insuranceTechCrunch - Jan, 3 2020
Clearcover and Lemonade tout improving margins as they scale fundraising, ARRcomputerworld - Sep, 11 2019
Lemonade is changing the way we insure our homesTechCrunch - Jun, 11 2019
Insurance startup Lemonade expands into EuropeTechCrunch - Nov, 29 2018
Insurance app Lemonade prepares for European expansion