About Lemonade
Lemonade is a company based in New York (United States) founded in 2015.. Lemonade has raised $643.86 million across 10 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
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lemonade, Inc.
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Annual Revenue
$435.4 M20.94as on Dec 31, 2024
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Net Profit
$-202.2 M14.65as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$643.86 M (USD)
in 10 rounds
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Latest Funding Round
$20 K (USD), Grant
Jan 03, 2022
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 10 strategic funding rounds. The most recent funding activity was a Grant round of $20 thousand completed in January 2022. 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.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Grant — $20,000
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First Round
First Round
(08 Dec 2015)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Grant - Lemonade | Valuation |
investors |
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| Jul, 2019 | Amount | Series D - Lemonade | Valuation |
investors |
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| Apr, 2019 | Amount | Series D - Lemonade | Valuation | SoftBank Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage technology startups are invested in by Thrive Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lemonade
Lemonade has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Metromile. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lemonade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lemonade Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online insurance platform for businesses
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| domain | founded_year | HQ Location |
Provider of renter, pet, personal cyber & life insurance services
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| domain | founded_year | HQ Location |
Provider of online business insurance solutions
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| domain | founded_year | HQ Location |
Offers malpractice insurance and risk management services for physicians and clinicians.
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| domain | founded_year | HQ Location |
AI-based insurance solutions for boaters are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lemonade
Frequently Asked Questions about Lemonade
When was Lemonade founded?
Lemonade was founded in 2015.
Where is Lemonade located?
Lemonade is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Lemonade a funded company?
Lemonade is a funded company, having raised a total of $643.86M across 10 funding rounds to date. The company's 1st funding round was a Series D of $300M, raised on Dec 08, 2015.
How many employees does Lemonade have?
As of Dec 31, 2024, the latest employee count at Lemonade is 1,240.
What is the annual revenue of Lemonade?
Annual revenue of Lemonade is $435.4M as on Dec 31, 2024.
What does Lemonade do?
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.
Who are the top competitors of Lemonade?
Lemonade's top competitors include Coverwallet, Coverdash and GBG.
What products or services does Lemonade offer?
Lemonade offers Renters Insurance, Homeowners Insurance, Car Insurance, Pet Insurance, and Term Life Insurance.
Is Lemonade publicly traded?
Yes, Lemonade is publicly traded on NYSE under the ticker symbol LMND.
How many acquisitions has Lemonade made?
Lemonade has made 1 acquisition, including Metromile.
Who are Lemonade's investors?
Lemonade has 17 investors. Key investors include OurCrowd, Allianz, SoftBank Group, United States Department of Agriculture, and General Catalyst.
What is Lemonade's ticker symbol?
The ticker symbol of Lemonade is LMND on NYSE.
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