Lemonade IPO: Investment Opportunities & Pre-IPO Valuations

Company details

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.

lemonade.com

Sector

Fintech

Subsector

Insurance

Founded

2015

Headquarters

Oakland, CA, United States

Forge Price ¹

Price not available

Post-Money Valuation ³

$2.1B

Total Funding

$354.84MM

LFR Price per Share

$xx.xx

Last Funding Share Class

Series D

Learn more about Lemonade

To invest in Lemonade pre-IPO

Can you invest in Lemonade pre-IPO?

You may invest in Lemonade as it is a public company listed on the NYSE with ticker LMND. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

Can you sell shares of Lemonade before it goes public?

You can no longer sell shares of Lemonade on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.

What is the pre-IPO value of my Lemonade shares?

Forge can no longer determine the value of Lemonade shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.

Is Lemonade a publicly traded company?

Lemonade became a public company following its IPO on 07/02/2020 and is now traded on the NYSE under the ticker LMND.

To learn more about Lemonade potential IPO

Will Lemonade go IPO?

Lemonade became a public company following its IPO on 07/02/2020 and is now traded on the NYSE under the ticker LMND.

What is Lemonade’s IPO price?

The IPO price of Lemonade is not currently available.

When was Lemonade founded?

Lemonade was founded in 2015.

What is Lemonade funding to date?

Lemonade has raised $354.84MM to date.

Lemonade major investors

Aleph

Expansion Venture Capital

Sequoia Capital

Thrive Capital

Lemonade funding rounds and valuation

Funding history chart

Funding round details

	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

Access Stock Price

Private companies exploring an IPO

					Last Funding Round
Company		Forge Price	Forge Price Change ⁵	Last Closed Trade	Share Class	Post-Money Valuation	Price per Share	Amount Raised
	OpenAI	$469.47	-0.01%	$xx.xx	Funding Round	--	--	--
	Anduril	$40.88	-3.86%	$xx.xx	Series G	$30.5B	$xx.xx	$2.5B
	Cerebras	$31.35	-0.16%	$xx.xx	Series F-1	$2.87B	$xx.xx	$420MM
	Figma	$38.00	+0.03%	$xx.xx	Series E	$10B	$xx.xx	$200MM
	Kraken	$31.63	+11.77%	$xx.xx	Series B	$5.52B	$xx.xx	$52.5MM
	Netskope	$14.50	+8.45%	$xx.xx	Series H	$7.5B	$xx.xx	$300MM
	Klarna	$37.31	+21.02%	$xx.xx	Unknown	--	--	--
	Discord	$239.72	+6.61%	$xx.xx	Series I	$15B	$xx.xx	$500MM
	HeartFlow	--	--	$xx.xx	Series E	$1.65B	$xx.xx	$305MM
	Figure	$5.68	+3.09%	$xx.xx	Series D	$3.33B	$xx.xx	$220MM

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Updated on: Jul 9, 2025

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Lemonade IPO