About
Lemonade is a public AI-first insurer (LMND) offering renters, home, pet, car, and life coverage. Hit $527M revenue in 2024 with $944M in-force premium (+26% YoY). First cash-flow positive year in 2024. Gross profit up 90% YoY; loss ratio hit record low of 63%. Claims 2,000 customers per employee vs. 150-450 industry average. 2025 guidance: $655-657M revenue with 28% IFP growth.
Key Facts
- [1]Founded: Founded in 2015 in New York, United States.
- [2]Funding: Total funding: $480M. Last round: Oct 2024. Stage: Public.
- [3]Employees: Employee count: 1,001-5,000.
- [4]Revenue: Annual revenue/ARR: approximately $659M.
- [5]Company Type: Public company.
- [6]Website: Official website: lemonade.com.
- [7]AI Technology: Core AI/ML technologies: Predictive ML.
- [8]Region: Region: Americas (United States).
Founders
Daniel Schreiber
Co-founder & CEO
Shai Wininger
Co-founder & COO
Ty Sagalow
Co-founder
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Lemonade?
Lemonade is a public AI-first insurer (LMND) offering renters, home, pet, car, and life coverage. Hit $527M revenue in 2024 with $944M in-force premium (+26% YoY). First cash-flow positive year in 2024. Gross profit up 90% YoY; loss ratio hit record low of 63%. Claims 2,000 customers per employee vs. 150-450 industry average. 2025 guidance: $655-657M revenue with 28% IFP growth. Lemonade is classified in the Insurance segment at the Applications layer of the financial AI stack.
Who founded Lemonade?
Lemonade was founded by Daniel Schreiber (Co-founder & CEO), Shai Wininger (Co-founder & COO), and Ty Sagalow (Co-founder) in 2015 in New York, United States. The company has been operating for 11 years. Lemonade is now a publicly traded company.
How much funding has Lemonade raised?
Lemonade has raised $480M in total funding, placing the company at the Public stage. The most recent round closed in Oct 2024. Lemonade generates approximately $659M in annual revenue. Among 45 funded Insurance companies, Lemonade ranks #12 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Lemonade use?
Lemonade primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Lemonade operate in?
Lemonade operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Lemonade headquartered?
Lemonade is headquartered in New York, United States. The company operates in the Americas region. The team consists of 1,001-5,000 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Lemonade's competitors?
Companies similar to Lemonade in the Insurance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Lemonade offer?
Lemonade builds applications-layer solutions for the financial services industry. The company's core offering: AI-native insurance company. The platform is powered by Predictive ML technology.
Is Lemonade publicly traded?
Yes, Lemonade is a publicly traded company. Annual revenue is approximately $659M.