Lemonade Insurance Company is an American property and casualty insurance company headquartered in New York City offering renters and home insurance policies for homes, apartments, co-ops and condos.

Operating in the fintech sector, Lemonade created a new business model for insurance based on behavioral economics and technology. The company uses artificial intelligence and chatbots to deliver insurance policies and handle claims for its users on desktop and mobile (through its iOS and Android applications) without employing the use of insurance brokers. Social good is another aspect of the business model, where underwriting profits go to nonprofits of the customers’ choice, in the company’s annual “Giveback.”

Lemonade Inc., the parent company of Lemonade Insurance Company, was founded by Daniel Schreiber and Shai Wininger in April 2015, Lemonade launched its insurance company on September 21, 2016 in New York City. As of August 2017, Lemonade offers renters and home insurance policies in California, Georgia, Illinois, Texas, Nevada, New Jersey, New York, Ohio, and Texas.

Lemonade Inc. is backed by investors including Aleph, General Catalyst, GV (formerly Google Ventures), Sequoia Capital, Thrive Capital, and XL, having raised $60 million as of August 2017.

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5 Crosby St., New York, NY 10013


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