[4][5][6] Lemonade was founded by Daniel Schreiber (former president of Powermat Technologies) and Shai Wininger (co-founder of Fiverr) in April 2015.

[13] In April 2017, the company announced additional investors: Allianz and Ashton Kutcher’s Sound Ventures.

[14] In April 2019, Lemonade announced a further $300 million investment in a Series D financing led by SoftBank Group, with participation from Allianz, General Catalyst, GV, OurCrowd, and Thrive Capital, increasing the total money raised by the company to $480 million.

[citation needed] The company ended the first six months of 2023 with $49 million in written premiums, a 15% decrease compared to the same period in 2022.

[citation needed] In terms of dollars, the most significant decrease occurred in California, which accounts for over 50% of Metromile’s business.