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