Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report this week. During an investor conference call, Lemonade executives confirmed …
Lemonade, an insurtech selling home, renters and now pet insurance, lost money in its 2020 second quarter, according to its first earnings disclosure as a public company. That’s not a surprise, as the strategy for the startup insurer that was …
Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtech firms raised $1.56 billion during the second quarter. The total, up 71% over Q1, was driven in part by later-stage investments, including four “mega-rounds” in …
Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round. The Palo Alto, California-based startup is valued in the investment at $1.5 billion, according to the …
Lemonade Inc., the online home insurance provider backed by SoftBank Group Corp., jumped as much as 86% after raising $319 million in its U.S. initial public offering. [inline-ad-1] Shares of the company opened at $50.06 and rose as high as …
SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion. The company intends to sell 11 million …
Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after COVID-19 put many …
Home and renters insurer Lemonade disclosed plans for an initial public offering worth as much as $100 million. The New York-based insurtech has applied to use “LMND” as its ticker symbol for the New York Stock Exchange, according to its …
Lemonade, the New York-based insurer that is powered by artificial intelligence, has launched in a second European country – the Netherlands. Dutch consumers can now get contents and liability insurance instantly, anytime, and from any device – as well as …
Digital insurer Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially positive products and programs globally. Dubbed The Lemonade Foundation, the organization launches with $20 million in seed funding by …
