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Lemonade

Provider
Insurance

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 1 company across 1 category.

lemonade.com ↗Also analysed as a company — its own stack →
CategoriesInsurance
Rank#56 of 61 in Insurance
Buyers1 company
HeadquartersNew York, NY, USA
Founded2015
FoundersDaniel Schreiber, Shai Wininger
Raised$480M+
TickerNYSE:LMND
Market cap~$3B
IPO2020
Pre-IPO raised$480M

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Founders & story · from Lemonade’s own dossier

Founded in 2015 as a peer-to-peer inspired insurtech, Lemonade quickly pivoted to a flat-fee carrier model where it underwrites its own policies and donates unclaimed premiums to charity (the 'Giveback'). It expanded from renters/homeowners to pet, life, and car insurance, and from the US to Europe (Netherlands, Germany, France, UK). The 2022 Metromile acquisition was its largest strategic move, adding pay-per-mile car insurance and a telematics platform. By 2026, Lemonade is positioning AI-powered underwriting and autonomous driving discounts as core differentiators.

Latest round: IPO, July 2020 (NYSE: LMND)
Recent developments
  • 2026-08Lemonade launched its Autonomous Car Insurance product in Tennessee, its fifth state, offering Tesla owners 50% off every mile driven using Full Self-Driving technology. source ↗
Acquisitions
Metromile2022
Acquired Metromile, a pay-per-mile auto insurer, for ~$500M in stock, giving Lemonade a car insurance product and telematics platform.
Full dossier: Lemonade’s own stack, layer by layer →
Who uses Lemonade
1 company disclose Lemonade in their stack
DoorLoop
What the disclosures say
DoorLoop
“Pricing/plan comparison: 'Tenants can get a quote/purchase renter's insurance straight through the tenant portal via Lemonade or Sure (depending on state).'”
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What Lemonade runs on · from its own dossier
The third-party providers Lemonade itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Lemonade.
Insurance
Banner LifeHomesiteHome State County Mutual Insurance Company
Full dossier with evidence for each layer →
Alternatives to Lemonade

Other Insurance providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Cover Genius35 buyers →Qover17 buyers →Sure9 buyers →Zego9 buyers →Coverdash7 buyers →Allianz6 buyers →Authentic Insurance6 buyers →AXA5 buyers →
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An embeddable badge for Lemonade’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #56 of 61 in Insurance — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/lemonade?ref=badge">
  <img src="https://www.embeddedfinanceindex.com/api/badge/lemonade.svg"
       alt="Ranked #56 of 61 in Insurance — Embedded Finance Index 2026">
</a>
<img src="https://www.embeddedfinanceindex.com/api/badge/lemonade/install" width="1" height="1" alt="" style="display:none">

Lemonade — frequently asked

Which companies use Lemonade?

1 company discloses Lemonade in their stack in the Embedded Finance Index 2026, including DoorLoop.

What does Lemonade do?

Lemonade is an embedded-finance provider in Insurance. It ranks #56 of 61 Insurance providers by disclosed buyers.

Is Lemonade publicly traded?

Yes. Lemonade trades as NYSE:LMND, listed since 2020.

What are the alternatives to Lemonade?

The most-disclosed Insurance alternatives to Lemonade are Cover Genius (35 buyers), Qover (17 buyers), Sure (9 buyers), Zego (9 buyers), Coverdash (7 buyers) and Allianz (6 buyers).

Who founded Lemonade?

Lemonade was founded by Daniel Schreiber and Shai Wininger and is founded in 2015, headquartered in New York, NY, USA.

How much funding has Lemonade raised?

Lemonade has raised $480M+ in total.

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