New York-based Lemonade offers homeowners and renters insurance, powered by artificial intelligence (AI) and behavioural economics.
Sector: Renters, Homeowners
By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything. As a Certified B-Corp, where underwriting profits go to non-profits, Lemonade is remaking insurance as a social good, rather than a necessary evil.
Since its launch in the US in September 2016, by Daniel Schreiber and Shai Wininger, Lemonade has since entered the European market with the launch of its contents and liability insurance product in Germany.
In April 2019, the insurtech secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, and Google Ventures, among others.
Headquarters: New York City, NY, US