Lemonade, which operates in the emerging insurance-tech vertical using artificial intelligence and chat bots to drive down costs, completed its Initial Public Offering in July 2020. The company priced its IPO at $29 per share, raising approximately $319 million at a market capitalization of approximately $1.6 billion.
Founded in 2015, Lemonade raised approximately $480 million during its time as a private company from Venture Capital investors including Champel Capital, eBrands.vc, G Squared, SoftBank, General Catalyst, GV, Thrive Capital, Tusk Ventures, and Expansion Venture Capital. Lemonade’s last private funding round was in April 2019, when it raised $300 million in a Series D with a post-money valuation of over $2 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/09/2019 | Series D | $175MM | $xx.xx | $2.1B | Allianz X, General Catalyst, Gv, Ourcrowd, Softbank, Thrive Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,146,292
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allianz X, General Catalyst, Gv, Ourcrowd, Softbank, Thrive Capital
|
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03/20/2018 | Series C | $120.14MM | $xx.xx | $570MM | Aleph, Allianz X, Annox Capital, General Catalyst Partners, Gv, Hanaco Venture Capital, Sequoia Capital Partners, Softbank, Sound Ventures, Thrive Capital, Tusk Ventures, Xl Innovate | |
Price per Share
$xx.xx
Shares Outstanding
8,703,846
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Allianz X, Annox Capital, General Catalyst Partners, Gv, Hanaco Venture Capital, Sequoia Capital Partners, Softbank, Sound Ventures, Thrive Capital, Tusk Ventures, Xl Innovate
|
||||||
12/02/2016 | Series B | $33.1MM | $xx.xx | $208MM | Aleph, General Catalyst, Gv, Sequoia Capital Israel, Sound Ventures, Thrive Capital, Tusk Ventures, Visionary Private Equity Group, Xl Innovate | |
Price per Share
$xx.xx
Shares Outstanding
4,379,117
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, General Catalyst, Gv, Sequoia Capital Israel, Sound Ventures, Thrive Capital, Tusk Ventures, Visionary Private Equity Group, Xl Innovate
|
||||||
08/23/2016 | Series A | $13.6MM | $xx.xx | $90MM | Xl Innovate | |
Price per Share
$xx.xx
Shares Outstanding
3,328,774
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Xl Innovate
|
||||||
12/08/2015 | Series Seed | $13MM | $xx.xx | $33MM | Aleph, Expansion Venture Capital, Sequoia Capital Israel | |
Price per Share
$xx.xx
Shares Outstanding
7,905,140
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Expansion Venture Capital, Sequoia Capital Israel
|