Lemonade Funding & Investors
New York, NY
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.comTotal Amount Raised: $631,500,032
Lemonade Funding Rounds
Post Ipo Equity
$150,000,000
Post Ipo Equity Investors
General CatalystIPO
Unknown
Secondary Market
$1,500,000
Secondary Market Investors
QD VenturesMindrock CapitalG SquaredVeligera CapitalSeries D
$300,000,000
Series D Investors
SOFTBANKGVThrive CapitalGeneral CatalystAllianzOurCrowdInventure PartnerseBrands PartnersLAUNCHBAYSeries C
$120,000,000
Series C Investors
SOFTBANKGVSequoia Capital IsraelGeneral CatalystTusk Ventures PartnersAlephAllianzSound VenturesSeries B
$34,000,000
Series B Investors
General CatalystGVTusk Ventures PartnersThrive CapitalSequoia Capital IsraelAlephXL InnovateCounterpart AdvisorsGeneration VenturesSeries A
$13,000,000
Series A Investors
XL InnovateThrive CapitalSeed
$13,000,000
Seed Investors
AlephSequoia Capital IsraelExpansion Venture Capital