Lemonade's Huge New Round of Funding

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.

More In Business

DoorDash Sees Record Q2 Orders and Revenue As Restaurant Traffic Slows

DoorDash set quarterly records for total orders and revenue despite slowing U.S. restaurant traffic.

Big Business This Week: Can Boeing Finally Get Back on Its Feet?

A new CEO takes over the embattled planemaker. Plus: Elon picks a fight, the Fed might finally cut rates and Microsoft makes a lot of money but not enough.

Disney Destiny Sets Sail in 2025 with Heroes & Villains

Set sail on Disney Destiny for a legendary voyage with immersive tales, top entertainment, world-class dining, and unmatched hospitality.

Why The Luxury Real Estate Market Is Doing Better Than The Traditional Real Estate Market

Co-CEO of Christie's International Real Estate discusses the luxury real estate market and gives tips for first time home buyers. Watch!

Hot Summer, Cool Market: Low Affordability Stalls Buyers and Sellers

Home sales are 25% below normal due to low affordability, leading to the 'lock-in effect' where homeowners stay put.

Puma’s 'Forever Faster' Plan: Outrun the Competition in Sleek Footwear

PLUS: Puma launched Puma House in Paris to celebrate the 2024 Olympics. Notable attendees include Linford Christie, Tommie Smith, and Robert Pires.

FlexIt CEO Austin Cohen On The Future Of Working Out From Home

Will the exercising at home revolution continue in a post-Covid world? Find out what the FlexIt CEO had to say, plus the company's partnership with TalkSpace.

Video Game Performers Will Strike Over AI concerns

Hollywood’s video game performers are going on strike, throwing part of the entertainment industry into another work stoppage.

Widespread Gains Send Wall Street Higher To Close a Shaky week

U.S. stocks climbed Friday to close out a bumpy week dominated by sharp, market-cleaving swings.

Tech Stocks’ Terrible, Horrible, No Good, Very Bad Week

Pretty much all the tech stocks driving the market were looking shaky—and they weren't the only ones.

Load More