Lemonade, a NYC-based artificial intelligence and behavioral economics powered insurance company, received a strategic investment from Allianz.
The amount of the deal was not disclosed.
The investment aims to accelerate Lemonade’s expansion throughout the US and beyond.
Led by Daniel Schreiber, co-founder and CEO, Lemonade is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics.
The Certified B-Corp. is backed by Aleph, General Catalyst, Google Ventures, GV, Sequoia, Thrive Capital, Tusk Ventures, and XL Innovate.