Lemonade - M&A Summary and Business Overview

InsuranceCompany

Lemonade M&A Summary

Lemonade has acquired 1 company, including 1 in the last 5 years.

Lemonade’s largest acquisition to date was in 2021, when it acquired MetroMile for $500M. Lemonade has acquired in 1 US state. The Company’s most targeted sectors include insurance (100%).

Lemonade Business Overview

Where is Lemonade headquartered?

Lemonade is headquartered in New York, New York.

What is Lemonade’s revenue?

Lemonade disclosed revenue of 257M USD for 2022 and 128M USD for 2021.

How many employees does Lemonade have?

Lemonade has 1,367 employees.

What sector is Lemonade in?

Lemonade is an insurance company.

When was Lemonade founded?

Lemonade was founded in 2015.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1

Lemonade

Lemonade, Inc.

5 Crosby Street, 3rd Floor,
New York, New York 10013
United States,
(844) 733-8666
www.lemonade.com

Lemonade is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything. And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. Lemonade was formed in 2015 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - - 1 - - - 1
vol $500M $500M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
MetroMile, Inc. 2021-11-08 500M USD Add-on Acquisition
San Francisco, California · www.metromile.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
MetroMile, Inc. 2021-11-08 Metromile - Enterprise Business Solutions 2022-08-04 1
San Francisco, California · www.metromile.com San Francisco, California

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 1 (100%) 500M (100%) - -
Total 1 $500M - -

By Geo

State/Country Buy Value Sell Value
United States 1 500M - -
  California 1 500M - -
Total 1 $500M - -

Deal Values

buy # Total
$100M to $1B 1 $500M
TOTAL $500M
Largest MetroMile, Inc.
$500M (2021-11-08)

Company Summary

SECTOR

Insurance

Revenue

257   101% 2022
128   37% 2021
94   41% 2020
67   192% 2019
23   2018
(millions of USD) Show More Show Less

Employees

1,367

Established

2015

Public

NYSE: LMND

Former Name

Lemonade Group, Inc.

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