SoftBank, Allianz, XL Innovate and GV are in line for exits after the digital insurance provider filed for a $100m initial public offering.
US-based digital insurance provider Lemonade filed for a $100m initial public offering yesterday that would enable corporate investors SoftBank, Allianz, XL Catlin and Alphabet to exit.
Lemonade has built an online platform that offers renters and homeowners insurance to US customers, and contents and liability insurance in Germany and the Netherlands. It utilises a smart chatbot instead of human brokers in addition to behavioural economics.
The company almost tripled its revenue year on year to $67.3m in 2019, though…
