P2P Insurance Co. Lemonade Raises $34M

| December 6, 2016 | Israeli P2P insurance company Lemonade has announced a $34 million Series B financing round. The funding was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and Tusk Ventures, as well as existing investors Aleph, Sequoia, and XL Innovate. This brings Lemonade’s total funding to date to $60 million. Lemonade’s P2P insurance platform is powered by artificial intelligence and behavioral economics. The investment comes less than two months after the Israeli insurtech company launched in New York, and less than a year after announcing its seed round. Lemonade was founded by veteran Israeli tech entrepreneurs CEO Daniel Schreiber former president of Powermat and president and CTO Shai Wininger, a co-founder of Fiverr.com.