INSUBCONTINENT EXCLUSIVE:
Lemonade, the insurance startup founded by Daniel Schreiber and Shai Wininger, has today announced a $300 million Series D financing led by
the SoftBank Group, with participation from Allianz, General Catalyst, GV, OurCrowd and Thrive Capital.Lemonade uses an AI-powered bot to
digitize the insurance-buying experience for renters and home owners
Users simply download the app and answer a few questions before getting a quote, which starts at $5/month but can surely go up based on a
number of factors, including how much personal property one owns.The company has also differentiated itself from traditional insurance
providers by integrating a giveback system directly into the product
date.The investment is meant to help Lemonade expand beyond the United States , with sights set on Europe as a first step
We went from one product in one state to now thinking about multiproduct across continents and five office locations
financing for Lemonade to $480 million.
