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12 January 2024Technology

Insurtech carrier Lemonade doubles-down on revenue-secured funding

Insurtech Lemonade extended a running deal with an investor group that finances its client acquisition costs, adding $140 million to the programme while extending its term by another year to end-2025. 

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Insurance
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.
Insurance
20 September 2018   Lemonade CEO and co-founder Daniel Schreiber believes that the insurer has “turned a corner” as the loss ratio is improving.
Insurance
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.