This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. US-based insurtech startup Lemonade has raised $300 million in a Series D funding round led by SoftBank Group, with other participants including Allianz and General Catalyst, per TechCrunch. This brings its valuation to over $2 billion, according to a source cited by Forbes. Its prior capital increase was completed at the end of 2017, when its valuation stood at around $600 million.