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Lemonade

Lemonade Inc. offers renters' insurance, homeowners' insurance, car insurance, pet insurance and term life insurance in the United States as well as contents and liability policies in Germany and the Netherlands and renters insurance in France. The company is based in New York City. It has approximately 1 million customers and 70% of its customers are under the age of 35. The company is registered as a public benefit corporation and has a stated mission of ‘transforming insurance from a necessary evil into a social good." Its business plan includes annually giving a portion of its underwriting profits to a nonprofit organization chosen by each customer upon signup. Lemonade uses artificial intelligence and chatbots to process claims.

lemonade.com

Founded

2015

Employees

Between 1,000 - 5,000 employees

Raised

$481,500,000

Headquarters Location

New York, NY

Public

TRUE

Acquired

FALSE

Founders

Daniel Schreiber
Daniel Schreiber
Shai Wininger
Shai Wininger

CEO

Shai Wininger

Funding Rounds

$1,500,000

  • Mindrock Capital

August 2019

$300,000,000

  • Inventure Partners
  • General Catalyst
  • Digital Horizon VC
  • SoftBank Group Corp
  • Thrive Capital
  • OurCrowd
  • eBrands Partners Inc.
  • GV
  • Allianz

April 2019

$120,000,000

December 2017

$34,000,000

  • Counterpart Advisors
  • XL Innovate
  • General Catalyst
  • Thrive Capital
  • GV
  • Tusk Venture Partners
  • Aleph
  • SEQUOIA CAPITAL ISRAEL LTD
  • Generation Ventures

December 2016

$13,000,000

  • XL Innovate

August 2016

$13,000,000

  • Expansion Venture Capital
  • Aleph
  • SEQUOIA CAPITAL ISRAEL LTD

December 2015

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