10 June 2020

Lemonade files for IPO  

Written By FinTech Alliance

Lemonade files for IPO  

InsurTech Lemonade has filed for an IPO in the US.  

In Brief:  

  • 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.  

Read more here.  

 

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