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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]
The online insurance provider went public at $29, skyrocketed to a record high of $183.26 during the growth- and meme-stock rally in January 2021, but now trades at about $28.
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.
Brown was born and grew up in the suburbs of Merewether Heights, Newcastle, New South Wales, where his father was a local vet. [2] He attended Merewether Heights Public School and Merewether High School. [1] His first pet was a cow called Bridget. [3] He graduated from The University of Sydney with First Class Honours in Veterinary Science in ...
The stock is climbing, and this time, it might stick.
Explore the exciting world of Lemonade (NYSE: LMND) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and ...