Online Insurer Lemonade Expands to Pet Insurance
The company’s new service, expected to launch later this year following regulatory approval, is intended for cats and dogs
Meir Orbach | 17:00, 04.02.20
Online insurance company Lemonade Inc. will soon offer pet insurance in the U.S., the company announced Tuesday. The company’s new service, expected to launch in several months following regulatory approval, is intended for cats and dogs.
Founded in 2015 by Israel-born Shai Wininger and Daniel Schreiber, Lemonade offers an alternative insurance model of customizable property and casualty insurance policies at a flat monthly rate in 27 U.S. states. In April, Lemonade raised a $300 million round led by SoftBank, bringing its total funding to date to $480 million.
