Renters insurtech Lemonade has raised $175m, as part of a bid to raise $300m in equity capital, according to an EU 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 SEC. Lemonade had more than $50m in sales last year, with $50bn of insurance coverage for 425,000 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.