Lemonade Completes Acquisition of Metromile
July 28, 2022
Lemonade has completed its acquisition of pay-per-mile car insurer Metromile in an all-stock transaction in which Metromile shareholders received 7.3 million LMND shares. Lemonade received Metromile's business — including over $155 million in cash, more than $110 million in premiums, an insurance entity licensed in 49 states, and telematics precision data from 500 million car trips — and will transition most Metromile employees into roles at Lemonade.
- Buyers
- Lemonade
- Targets
- Metromile
- Sellers
- Metromile shareholders
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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