Insurance firm Lemonade Inc. is turning to social media channels to communicate with individual investors, a group that has demonstrated its influence in recent months by driving up the price of certain companies’ shares. Individual shareholders, many of them with more time on their hands during the pandemic, earlier this year banded together to buy… Continue reading Lemonade CFO Uses Social Media to Connect with Individual Investors
Tag: Lemonade
Lemonade Opens Early Registration for Lemonade Car
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it is readying ‘Lemonade Car’ for launch within the year. Early registration is now open at www.lemonade.com/car. Today’s news marks the company’s third expansion into a major new insurance category in less than 12 months. The company started with homeowners products, adding pet… Continue reading Lemonade Opens Early Registration for Lemonade Car
Lemonade Announces Proposed Public Offering of Common Stock
Lemonade, Inc. (“Lemonade”), the insurance company powered by artificial intelligence and behavioral economics, today announced that it intends to offer 3,000,000 shares of its common stock for sale in an underwritten public offering (the “Primary Offering”). Certain selling stockholders of Lemonade also intend to offer 1,524,314 shares of Lemonade’s common stock for sale in the… Continue reading Lemonade Announces Proposed Public Offering of Common Stock
Lemonade Launches Its Renters Insurance in France
Lemonade is launching its renters insurance in France. This is the company’s third European launch after the Netherlands and Germany. Originally from the U.S., Lemonade is now a public company with a current market capitalization close to $4 billion. Lemonade will compete directly with a local competitor called Luko. Both companies share a lot of… Continue reading Lemonade Launches Its Renters Insurance in France
Lemonade CFO Promotes Do-Good Status, Path to Profitability to New Investors
Lemonade Inc.’s finance chief faces a peculiar challenge: explaining to new investors why a company that is not yet profitable is giving away money to charity. Customers signing up for one of Lemonade’s products—homeowners, renters or pet insurance—select a charity of their choice. The company then contributes a portion of unclaimed insurance premiums—$1.1 million in… Continue reading Lemonade CFO Promotes Do-Good Status, Path to Profitability to New Investors
InsurTech Lemonade Adds Pet Health Insurance to Its Offering
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today launched pet health insurance. Now, pet parents in 33 US states can get AI-powered, socially impactful coverage for their four-legged family members. The new insurance product, designed exclusively for cats and dogs, joins Lemonade’s #1-rated homeowners and renters products: a hassle-free digital experience… Continue reading InsurTech Lemonade Adds Pet Health Insurance to Its Offering
InsurTech Lemonade Raises $319M for IPO
Insurtech Lemonade, backed by SoftBank, raised $319 million late Wednesday, which was more than expected. The New York startup sold 11 million shares at $29 each. This was above its $26 to $28 price range. Lemonade will trade Thursday on the New York Stock Exhange under the ticker LMND. Goldman Sachs, Morgan Stanley, Allen &… Continue reading InsurTech Lemonade Raises $319M for IPO
Lemonade is Capitalizing on the Burgeoning Pet Insurance Market in the U.S.
US-based insurtech unicorn Lemonade is set to add pet insurance to its existing offering of homeowners and renters insurance, according to TechCrunch. Lemonade is currently going through the regulatory process to be able to offer the new policy, and its CEO Daniel Schreiber told TechCrunch that it could take months before the product launches. While… Continue reading Lemonade is Capitalizing on the Burgeoning Pet Insurance Market in the U.S.
Insurance Startup Lemonade Expands into Europe
Lemonade, the insurance company that’s raised $780 million, is today expanding into Europe with the launch of Lemonade in Germany. As part of the launch, Lemonade is officially unveiling Policy 2.0, a simplified and easy-to-understand version of its renters and home owners insurance, to the European market. Lemonade launched back in 2015 with a brand… Continue reading Insurance Startup Lemonade Expands into Europe
How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting the Insurance Business: Forbes
In the summer of 2017, a Los Angeles man in his mid-20s put on a necklace, blond wig and makeup and made a cellphone video describing how his camera and other electronics had been stolen. He submitted the video to his renters insurance provider, Lemonade, which paid the $677 claim in two days. Three months… Continue reading How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting the Insurance Business: Forbes