Investments · Insurance technology
SoftBank leads $300 million round in New York insurance start-up Lemonade
- Investor
- SoftBank Group (Tokyo)
- In
- Lemonade, New York, New York
- Value
- $300M Series D (SoftBank-led)
- Status
- Announced on April 11, 2019; closed in 2019.
- Date
- 2019-04-11
SoftBank Group led a $300 million Series D round in Lemonade, a New York company that sells renters and homeowners insurance through an app. Lemonade runs a research and development center in Israel.
Why it matters
The round gave SoftBank a stake in a company that sells insurance through an app rather than through agents. Lemonade later listed its shares in the US in 2020.
Sources
Kakehashi M&A News home
