Daniel Schreiber, CEO and co-founder of Lemonade, discusses the insurance app's $120 million Series C funding round. Lemonade is planning on expanding globally with the new round of cash. Schreiber says Lemonade is trying to reinvent insurance. Lemonade wants to make customers happy, not make money by denying claims. Schreiber explains distrust is endemic in the insurance agency, calling it a "trillion dollar problem." He also touches on Lemonade's decision to stop insuring assault rifles after the Las Vegas massacre in October, saying it was a common sense choice to make.

Share:
More In Business
How Landlines Lost the American Public
During AT&T's widespread outage Thursday, landline phones were a working alternative — which most of the U.S. does not have. Over half of Americans are estimated to have ditched landlines altogether.
Ending the Black Maternal Morbidity Crisis
Jade Kearney Dube, Founder & CEO of She Matters talks the Symptom Tracker app, cultural competency for healthcare providers, and being a Black woman CEO looking for funding.
The Future of Bit Mining
Ahead of April’s planned BitCoin halving, Bitfarms CEO Geoff Morphy shares why he thinks the crypto rally will continue, plus why you’ll see a broader adoption of clean energy for mining.
Load More