SoftBank leads $120 mn funding in insurance startup Lemonade
US-based home insurance startup Lemonade has raised $120 million in a funding round led by Japanese conglomerate SoftBank. Existing investors including Alphabet's investment firm GV, General Catalyst and Sequoia Capital also participated in the round. The startup was founded in 2015 and is a licensed insurance carrier offering homeowners and renters insurance in New York City, US.