Investments · Insurance technology

SoftBank leads $120 million round in insurance start-up Lemonade

Investor: SoftBank Group (Tokyo)
In: Lemonade, New York, New York
Value: $120M Series C
Status: Announced on December 19, 2017; closed in the first quarter of 2018.
Date: 2017-12-19

SoftBank Group led a $120 million Series C round in Lemonade, a New York start-up that sells renters and homeowners insurance through an app.

Why it matters

The round was SoftBank's first investment in Lemonade, which it backed again with a larger round in 2019.