Shutterstock_125115182 / Lemonade
21 December 2023Insurance

Hi-tech Lemonade turns old-school in C-suite, drops co-CEO structure

AI-powered personal lines insurtech Lemonade put paid to at least one measure of innovation, saying a two and a half year run with co-CEO’s at the helm would be ditched in favour of a more old-school C-suite structure.

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15 June 2018   AI-powered insurtech firm Lemonade Insurance Company has filed a lawsuit against ONE Insurance, its parent wefox Group and founder Julian Teicke, over claims of it copying Lemonade’s app and website.
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12 April 2019   AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.
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29 November 2018   US-based Lemonade is coming to Europe – its first major market outside of the US, Daniel Schreiber, CEO and co-founder, announced in a November 29 blog.