Lemonade

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 03/09/2020

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About

Lemonade is a P2P, technology-first and legacy-free insurance carrier. The startup has raised $13 million in initial funding and attracted a line-up of reinsurance partners, including Berkshire Hathaway's National Indemnity and leading Lloyd’s of London syndicates.

MEDICI Analysis

Lemonade is a P2P, technology-first and legacy-free insurance carrier. The startup has raised $13 million in initial funding and attracted a line-up of reinsurance partners, including Berkshire Hathaway's National Indemnity and leading Lloyd’s of London syndicates.

Focus

PRODUCTS & SERVICES

Peer to Peer insurance carrier

MAIN CLIENTS

Homeowners

renters

PRIMARY PROBLEM SOLVED

The inherent conflict- the moral hazard- at the heart of the insurance industry.

COMMENT

The platform uses artificial intelligence technology to provide personalized policies and helps in claim process for plan holders.

Traction

VALUATION / MARKET CAP:

$226.67 M in 2016

TRACTION COMMENT:

The company is planning to expand to other states of the US in the upcoming months(Jan 2017).

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Lemonade

About

Lemonade is a P2P, technology-first and legacy-free insurance carrier. The startup has raised $13 million in initial funding and attracted a line-up of reinsurance partners, including Berkshire Hathaway's National Indemnity and leading Lloyd’s of London syndicates.

Focus

PRODUCTS & SERVICES

Peer to Peer insurance carrier

TOP PROBLEM SOLVED

The inherent conflict- the moral hazard- at the heart of the insurance industry.

PRODUCT DEVELOPMENT STAGE

Operational

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

employee: Daniel Schreiber(CEO);

employee: Daniel Schreiber(CEO);

employee: Daniel Schreiber(CEO);

BOARD MEMBERS AND ADVISORS:

Tom Hutton, Joel Cutler, Haim Sadger

INVESTORS:

Aleph Venture Capital

Allianz

Expansion Venture Capital

General Catalyst Partners

GV

Institutional Investors: Sequoia Capital

Thrive Capital

Tusk Ventures

XL Innovate

Momentum

FUNDED

YES

TOTAL FUNDING:

$60 M

LISTED

NO

SEED & PRIOR FUNDING

$13 M

SEED CLOSED ON

Dec 2015

FUNDING SERIES

SERIES A  · $13 M  · Aug 2016

SERIES B  · $34 M  · Dec 2016