Lemonade (LMND) – Growth Spend Financing Extension – January 13, 2024

By Brad FreemanJanuary 14, 2024Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Lemonade (LMND) – Growth Spend Financing Extension – January 13, 2024

A few months back, I discussed Lemonade’s new “synthetic agent” partnership with General Catalyst. In it, General Catalyst agreed to finance a chunk of Lemonade’s customer acquisition cost in exchange for a share of future premiums. Further details can be found here. This week, Lemonade announced a boost of available funds under this arrangement from $150 million to $290 million through December 2024. I guess General Catalyst is pleased with how returns are shaping up from this unique (and what I view as savvy) relationship.

Source: Brad Freeman – SEC Filings, Company Presentations, and Company Press Releases

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Meet the Author

Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

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