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
|
||||||
| 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
|
||||||
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Cerebras | $31.47 | -0.1% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Netskope | $13.37 | +11.79% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $23.87 | +0.93% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Figure | $5.51 | -4.34% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Shein | -- | -- | $xx.xx | -- | -- | -- | -- |
Updated on: Feb 13, 2025
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