Industry Technosavvy the June 2019 issue

Big Deals

Dealmaking pushes one insurtech forward.
By Michael Fitzpatrick

Insurtech Lemonade is attracting big money. The property insurance startup raised $300 million in a Series D funding round led by SoftBank Group with participation from Allianz, General Catalyst, GV (Google Ventures) and others. Lemonade says it plans to use the money to accelerate its U.S. and European expansion in 2019.

“Looking forward, we aspire to create the 21st-century incarnation of the successful insurance company: a loved global brand that can endure for generations; an organization built on a digital substrate, enabling ever faster and more efficient operations, and ever more delighted consumers,” co-founder Daniel Schreiber said in a statement.

The Lemonade funding follows other recent big deals, including the $125 million raised by WeFox earlier this year, as well as $375 million raised by Google parent Alphabet in Oscar Health last year, a $200 million Series C funding round for Bright Health, and a $70 million funding round for Hippo.

Michael Fitzpatrick

Technology Editor

Read More

More in Industry

Do the Math
Industry Do the Math
It's time organizations practice what we preach.
Industry Unicorns Ahead
Insurtech investments focus on later-stage rounds, larger sums.
Over 100 Million Individuals Affected by Capital One Breach
Industry Over 100 Million Individuals Affected by Capital One Breach
The data breach is reported to affect approximately 100 million customers in the...
Discover Content Your Way
Industry Discover Content Your Way
Whether you prefer tags, breadcrumbs or categories, it's easier than ever to fin...
26 Insurtechs to Know
Industry 26 Insurtechs to Know
These tech-enabled intermediaries are distribution players t...
We Gotta Get on It
Industry We Gotta Get on It
From building trust through technology to addressing resilie...