Investment Summary

Allianz X and Grays Peak Capital Exits Lemonade

On July 1, 2020, invested in insurance company Lemonade from Allianz X and Grays Peak Capital

Investment Highlights
  • This is transaction in the Insurance sector.
  • This is transaction in the United States.
  • This is transaction in New York.

Investment Summary

Date 2020-07-01
Target Lemonade
Sector Insurance
Sellers(s) Allianz X
Grays Peak Capital
Deal Type IPO

Target

Lemonade

New York, New York, United States
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.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Seller(S) 2

SELLER

Allianz X

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich.


DEAL STATS #
Overall 2 of 7
Sector: Insurance M&A 1 of 1
Type: IPO M&A Deals 1 of 3
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 ControlExpert

Langenfeld, Germany

ControlExpert develops multifaceted products and services for insurance companies, fleet operators, leasing firms, repair shops, car dealerships, automotive manufacturers, and motor vehicle experts. It links up all the parties involved in the claims and maintenance process and establishes an electronic, data-supported communication standard based on structured data. ControlExpert was formed in 2002 and is based in Langenfeld, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Purpose Unlimited

Toronto, Ontario, Canada

Purpose Unlimited is a financial services company focused on customer-centric innovation through technology-driven solutions. Its platform equips entrepreneurs and small- to medium-sized businesses with tools to advance modern asset management, wealth management, and banking technology. Purpose Unlimited was founded in 2013 and is based in Toronto, Ontario.

Buy -
DESCRIPTION

Grays Peak Capital is a multi-strategy private investment firm focused on emerging companies and technologies across a variety of industries. The Firm's private equity group seeks to invest in growth-oriented businesses across the US where the firm can contribute capital and operational support. Grays Peak Capital was established in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 NurturMe

Austin, Texas, United States

Nurturme appeals to health-conscious parents who want to feed their babies food free from common allergens that can upset sensitive tummies. It is an innovative line of organic products that are "free from" gluten, dairy, soy, and egg. Nurturme is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-22 Spacesaver Interiors

Kensington, Maryland, United States

Spacesaver Interiors offers comprehensive, highly functional and creative commercial storage and interior solutions for modern and evolving spaces. Spacesaver Interiors was founded in 1973 and is based in Kensington, Maryland.

Buy -