InsurTech Lemonade has filed for an IPO in the US.
The company plans to raise $100mn.
Lemonade specialises in insurance for renters and homeowners.
It has raised $480mn funding so far.
What does this mean?
Lemonade has already had the backing from some big names including Softbank. Not a lot is currently known about Lemonade’s plans from its IPO but when it raised its last round of private funding it mentioned expanding and adding new products.