Renters insurtech Lemonade has raised $ 175 million , as part of a bid to raise $ 300 m in equity capital , according to an investor filing . The US start - up , which offers loans to homeowners and renters , opened an office in Germany in June as part of its bid to expand to the EU . it had more than $ 300 m in sales last year , with $ 50bn of insurance coverage for nursing homes .
Renters insurtech Lemonade has raised $175m, as part of a bid to raise $300m in equity capital, according to an SEC filing. The US start-up, which offers insurance to homeowners and renters, opened an office in Germany in June as part of its plans to expand to the EU. Lemonade had more than $50m in sales last year, with $50bn of insurance coverage for 425,000 homes.