SA国际传媒

, which operates an AI-driven insurance platform, has raised $300 million in a round led by that the company at more than $2 billion.

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New York-based Lemonade has now raised a total of during its lifetime. Its last raise was a in late 2017 that valued the company at $620 million. led that round as well.

This latest financing also included participation from Germany’s , , (formerly known as Google Ventures), Israel-based , and . Lemonade said it the new capital to accelerate its U.S. and European expansion, as well as to explore new product lines. The company first announced plans 鈥� its first major market outside the U.S. 鈥� last November.

Lemonade is licensed as a property and casualty insurance carrier and began offering homeowners and renters鈥� insurance in New York in late 2016. That offering is now available for most of the U.S. population. The company says it powers its offerings with artificial intelligence and 鈥渂ehavioral economics.鈥� Lemonade claims it鈥檚 built a system that 鈥渃ollects 100x more data than traditional carriers,鈥� giving it the ability to generate predictive data that can help improve underwriting and pricing. It operates contrary to traditional insurance models, charging a fixed percentage as a flat fee.

Lemonade also has a social good component. As a , the company annually donates a portion of unclaimed premium dollars to nonprofits. But it also believes in growth. , Lemonade CEO and co-founder, told me via email this morning that his company’s revenue climbed 466 percent to $57.2 million in 2018. The number of homes it insures, meanwhile, grew to 425,000 last year (covering just shy of $50 billion in total insured value) compared to just more than 100,000 at the end of 2017. 聽And, Lemonade聽upped the number of states it serves to 21 last year compared to eight in 2017. It’s also seen its headcount climb 鈥� to 165 employees today, up from around 50 a year ago. For more details on its growth metrics, check .

Note: We updated this story post-publication with comments from the company.

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