Lemonade expands insurance offering to California
Lemonade, an artificial intelligence-focused insurtech company, has launched its homeowners and renters insurance offering in California.
The launch is a part of Lemonade’s nationwide expansion strategy in the US.
"Expanding to California is a key milestone on Lemonade’s journey," said Shai Wininger, president and co-founder of Lemonade. "The tech capital of the world deserves insurance powered by AI, and the people of California deserve to see insurance underwriting profits funding their nonprofits."
"The amazing tech and social impact of Lemonade was the reason we joined the company as investors," said Ashton Kutcher, co-founder of Sound Ventures. "I think Californians will find Lemonade’s unique combination of value, values and simplicity hard to resist."
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