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The deal gives Lemonade another source of growth capital tied directly to customer acquisition economics, rather than traditional equity financing.
Lemonade Autonomous Car gives Tesla owners 50% off every mile driven using Tesla’s Full Self-Driving technology.
Lemonade says it has become the most searched pet insurance brand in the U.S. and the fourth-largest pet insurer by written premium.
Lemonade currently serves more than 3 million active customers across the US, UK, and Europe.