Digital insurance platform Lemonade has raised $120m at a $500m+ valuation, in a SoftBank-led round that included GV, Allianz and XL Innovate.
Telecommunications and internet group SoftBank led a $120m series C round for US-based insurance platform developer Lemonade yesterday, investing alongside several other corporates.
GV, a subsidiary of internet and technology conglomerate Alphabet, also took part in the round, as did insurance firms Allianz and XL Catlin, the latter through its XL Innovate unit.
The round was filled out by venture capital firms General Catalyst, Sequoia Capital, Sound Ventures, Thrive Capital and Tusk Ventures, and VC fund Aleph. It valued Lemonade…
