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Lemonade was founded by Daniel Schreiber (former president of Powermat Technologies) and Shai Wininger (co-founder of Fiverr) in April 2015. [7] [8] Schreiber and Wininger were tech entrepreneurs with no insurance background. [4] In December 2015, the company secured $13 million in seed money from Sequoia Capital and Aleph. [7] [9]
Metromile, Inc. is a San Francisco-based technology start-up that offers pay-per-mile car insurance, licenses a digital insurance platform to insurance companies around the world, and provides a digitally native offering featuring smart driving features, automated claims, and vehicle information. In July 2022, Lemonade, Inc. acquired the company.
Lemonade (NYSE: LMND) stock just hit a 52-week high after third-quarter earnings. In recent months, after-earnings pops have always been followed by a plunge to right back where they started.
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Many investors have soured on Lemonade (NYSE: LMND) over the past four years. The online insurer went public at $29 in July 2020, skyrocketed to an all-time high of $183.26 on Jan. 11, 2021, but ...
Lemonade features a user-friendly digital auto insurance experience. It’s also an attractive option due to its AI-driven claims processing capabilities, and roadside assistance is available free ...
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