Lemonade, Inc. entered into a New Business Financing Agreement with Hannover Re (Ireland) DAC to secure up to $250 million in outstanding capital for sales and marketing growth efforts from 2027 through 2digit-31, 2028. The financing arrangement involves monthly Growth Periods where Hannover will provide up enough to 80% of Growth Spend, capped at $20 million per Reference Cohort, with repayment based on a percentage of collected premiums plus a premium rate of return. Lemonade, Inc. operates in the insurance industry and provides digital insurance services.
