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Access here alternative investment news about Insurance Tech Startup Lemonade Raises $300M In Funding
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Insurance Tech Startup Lemonade Raises $300M In Funding

by posted 10months ago 67 views
On deals and dealmakers. : Lemonade, a New York-based peer-to-peer insurance company powered by artificial intelligence, raised $300 million in Series D funding at a valuation of more than $2 billion. Softbank led the round, and was joined by investors including Allianz, General Catalyst, GV, OurCrowd, and Thrive Capital. The company plans to use the capital to launch new products and accelerate its US and European expansion in 2019. Here’s how Fortune described the startup in 2016: It pools insurance premiums from people who know and trust one another.