November Private Market UpdatePrivate market metrics show signs of optimism despite October public market slump
November Private Market Update
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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.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 7/9/2019 | Series D | $175MM raised | $XXX.XX | $XXX.XX |
| 3/20/2018 | Series C | $120.14MM raised | $XXX.XX | $XXX.XX |
| 12/2/2016 | Series B | $33.1MM raised | $XXX.XX | $XXX.XX |
| 8/23/2016 | Series A | $13.6MM raised | $XXX.XX | $XXX.XX |
| 12/8/2015 | Series Seed | $13MM raised | $XXX.XX | $XXX.XX |
