About Lemonade
Lemonade is a company based in New York (United States) founded in 2015. Lemonade has raised $643.86 million across 11 funding rounds from investors including OurCrowd, Allianz and SoftBank Group. The company has 1,240 employees as of December 31, 2024. Lemonade has completed 1 acquisition, including Metromile. Lemonade offers products and services including Renters Insurance, Homeowners Insurance, Car Insurance, Pet Insurance, and Term Life Insurance. Lemonade operates in a competitive market with competitors including Coverwallet, Waffle Labs, Coverdash, The Doctors Company and Ahoy Insurance, among others.
- Headquarter New York, United States
- Employees 1240 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Lemonade, Inc.
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Annual Revenue
$435.4 M (USD)20.94as on Dec 31, 2024
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Net Profit
-$202.2 M (USD)14.65as on Dec 31, 2024
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EBITDA
Not available
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Total Equity Funding
$643.86 M (USD)
in 11 rounds
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Latest Funding Round
$150 M (USD), Post-IPO
Jul 02, 2023
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Investors
OurCrowd
& 16 more
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Employee Count
1240
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Lemonade
Lemonade is a publicly listed company on the NYSE with ticker symbol LMND in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Lemonade
Lemonade offers a comprehensive portfolio of products and services, including Renters Insurance, Homeowners Insurance, Car Insurance, Pet Insurance, and Term Life Insurance.
Covers belongings and liability for renters.
Protects homes, contents, and structures.
Provides coverage for vehicles and passengers.
Offers health coverage for pets like dogs and cats.
Delivers protection for beneficiaries upon policyholder's death.
People of Lemonade
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Operations Team
32 people
Data Analysis and Operations Team
19 people
Finance and Accounting
19 people
Leadership Team
12 people
Legal and Compliance
11 people
Software Development Team
7 people
Senior Team
6 people
Board Team
5 people
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Funding Insights of Lemonade
Lemonade has successfully raised a total of $643.86M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $150 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Lemonade
Lemonade has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include OurCrowd, Allianz and SoftBank Group.
| Investor | Description | Founded Year | Domain | Location |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Locked | Locked | Locked | |
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Corporate backed venture capital fund investing in multiple sectors
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Early-stage technology startups are invested in by Thrive Capital.
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Locked | Locked | Locked |
Investor details for Lemonade
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Lemonade
Lemonade has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Metromile.
Investment portfolio details for Lemonade
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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App that provides usage-based auto insurance platform for individuals
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Lemonade
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - Lemonade
Detailed financials for Lemonade
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- Profit trends
- Statement rows
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Lemonade Comparisons
Peer comparison for Lemonade
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Lemonade
Lemonade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coverwallet, Waffle Labs, Coverdash, The Doctors Company and Ahoy Insurance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online insurance platform for businesses
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Provider of renter, pet, personal cyber & life insurance services
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Provider of online business insurance solutions
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Offers malpractice insurance and risk management services for physicians and clinicians.
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AI-based insurance solutions for boaters are provided.
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Detailed competitors of Lemonade
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Latest news on Lemonade
Complete news archive for Lemonade
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Lemonade
Lemonade was founded in 2015.
Lemonade is headquartered in New York, United States. It is registered at New York, New York, United States.
Lemonade is a funded company, having raised a total of $643.86M across 11 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Lemonade is 1,240.
Annual revenue of Lemonade is $435.4M as on Dec 31, 2024.
The company was founded in 2015 in New York, United States, within the insurance sector. A cloud-based platform is operated to handle life and property casualty insurance. Quotes are generated for renters, condo, pet, homeowners, and life insurance policies. An artificial intelligence bot is integrated to develop customized coverage options. The associated mobile application is supported on Android and iOS devices.
Lemonade's top competitors include Coverwallet, Coverdash and GBG.
Lemonade offers Renters Insurance, Homeowners Insurance, Car Insurance, Pet Insurance, and Term Life Insurance.
Yes, Lemonade is publicly traded on NYSE under the ticker symbol LMND.
Lemonade has made 1 acquisition, including Metromile.
Lemonade has 17 investors. Key investors include OurCrowd, Allianz, SoftBank Group, United States Department of Agriculture, and General Catalyst.
The ticker symbol of Lemonade is LMND on NYSE.