LMND

Lemonade, Inc.

An app-based insurance company that uses artificial intelligence instead of human brokers, letting customers get renters, homeowners, pet, car, and life coverage through a smartphone — claims are often settled in seconds after recording a quick video. It was founded in 2015 by two insurance outsiders, Daniel Schreiber and Shai Wininger, the co-creator of Fiverr, who wanted to turn the "necessary evil" of insurance into something friendlier. The name plays on turning a lemon into lemonade, and unclaimed premiums are donated to charities chosen by policyholders.