Hannover Re commits up to $250 million to fund Lemonade’s growth

▤ Summary

Lemonade has secured a financing arrangement with Hannover Re worth up to $250 million. The capital will support Lemonade’s sales and marketing spend starting in 2027. The deal ties repayment to premiums generated by the funded customer cohorts, making it a growth-finance structure rather than a standard equity raise. This follows a similar earlier arrangement Lemonade had with General Catalyst. The news points to continued customer acquisition expansion for the insurtech.

$ Funding

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