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Tech start-up Lemonade unveils nationwide build-out for 2017

The company plans to use more than $60 million in venture capital funding to expand beyond its New York base to 47 states.

By Warren S. Hersch | Updated on December 27, 2016
Lemonade is betting that its fast, AI-enabled process will appeal to millennials who are want a no-hassle, Amazon-like experience when buying insurance. (Photo: iStock).

A technology start-up that’s bringing innovation to the property and casualty insurance market is going nationwide.

Lemonade, launched in 2015 with much fanfare, recently announced that it has filed for licenses to sell homeowner’s and renter’s insurance in 47 states.

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