Lemonade Raises Series C Led by Softbank

Lemonade Raises Series C Led by Softbank

Softbank will lead a $120 million Series C in Lemonade, the AI-enabled homeowners and renters insurance startup.

Unlike most insurance companies, Lemonade acts as its own underwriter, and the latest round gives it a $500 million pre-money valuation.

For Softbank, the investment marks a further concentration in real estate and related services.

A few months ago, Softbank put $4.4 billion in WeWork and invested in WeWork China’s $500 million round.

Earlier this month, Softbank provided Compass with its entire $450 million Series E,

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Dominick DeJoy

Dominick DeJoy

Dominick DeJoy (@dominickdejoy) is the owner of Fintech Drift and a frequent contributor. With a history in finance and tech, he currently works at Preqin, previously was in commercial real estate investing, and was one of Bounce X’s (now Wunderkind’s) first employees.

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