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.
19.23 as of 6/7/23
|Date||Funding Round||Funding Raised||Price per Share||IPO 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|