Disruptive insurtech Lemonade strikes $0.5bn deal for Metromile to target ‘vast and competitive’ auto market

09-11-2021

Disruptive insurtech Lemonade strikes $0.5bn deal for Metromile to target ‘vast and competitive’ auto market

Artificial intelligence-driven company Lemonade, one of the best-funded and most disruptive insurtech startups, is acquiring US-based digital insurance platform and pay-per-mile auto insurer Metromile. The move follows the launch of its much anticipated car insurance product, Lemonade Car, as it seeks to expand in a “vast and competitive” auto market.


Lemonade, Metromile, Acquisition, Technology, AI, Digital, Insurance, Reinsurance, Daniel Schreiber, Dan Preston, North America

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