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 . In an announcement Thursday, the company said the move abroad will come "soon," but did not specify what date that would take place or which country 2016 , Sequoia Capital raised $120m in funding and was valued between $500m and $600m .
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 .