Lemonade -based home and renters insurance start-up Lemonade is planning its first overseas expansion to Europe . The firm uses AI to tailor insurance products to paying subscribers on its platform. Since launching in 2016 , it has received investment from big names like SoftBank , Lemonade , Sequoia Capital and General Catalyst . 2016 , Sequoia Capital raised $120m in funding and was valued between $500m and $600m .
US-based home and renters insurance start-up Lemonade is planning its first overseas expansion to Europe. The firm uses AI to tailor insurance products to paying subscribers on its platform. Since launching in 2016, it has received investment from big names like SoftBank, Google, Sequoia Capital and General Catalyst. Last year, Lemonade raised $120m in funding and was valued between $500m and $600m.