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Insurance Company Lemonade Tops $57 Million in Revenue in 2018

Lemonade is a for-profit corporation, but the company donates a portion of its unclaimed money to charities selected by its clients

Adi Pick 16:4427.01.19

Artificial intelligence-based online insurer Lemonade Inc. ended 2018 with more than $57 million in sales, the company announced Thursday. The company offers property and casualty insurance policies at a flat monthly rate.

 

In December of 2017, Lemonade insured 100,000 homes, but by December of the following year, the company insured 425,000 homes, equating to $50 billion in total insured value, according to company statements.
Lemonade's co-founders. Photo: Ben Kelmer Lemonade's co-founders. Photo: Ben Kelmer
Founded in 2015, the company has offices in both the U.S. and Tel Aviv and employs 125 people, according to company statements. Lemonade has raised $180 million to date from investors including Softbank and Sequoia Capital Partners.

 

Lemonade is a for-profit corporation, but the company donates a portion of its unclaimed money to charities selected by its clients.

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