Lemonade picks up juice

Emerging P2P insurer Lemonade revealed its latest investor: XL Innovate (think: Embroker, Slice). However, it didn’t reveal how much funding it has raised the second time around because secrecy is in its nature. IE is guessing $2 million based on this minus this. Then again, it could be a typo. Moving on to he said, he said….Managing Partner at XL Innovate Tom Hutton on Lemonade CEO Daniel Schreiber: “We track the insurance space very closely, and have analyzed virtually every insurtech initiative in recent years. Lemonade is a standout by any measure”. Now to Daniel on Tom: “Tom is the only person I’ve met who speaks both insurance and tech like a native”. Ewww.