Lemonade / Metromile 2022
Lemonade acquired Metromile for $500M on November 8, 2021.
- Target
- Metromile
- Acquirer
- Lemonade
- Deal value
- $500M
- Deal type
- Stock
- Announced
- November 8, 2021
- Sub-sector
- Insurtech
Transaction overview
- Lemonade announced the acquisition of Metromile on November 8, 2021 for $500M.
- The transaction is structured as Stock.
- The deal closed on July 28, 2022.
Strategic rationale
Lemonade picks up pay-per-mile auto carrier with $155M cash balance and active books in 8 states to accelerate its Lemonade Car launch.
Deal terms & multiples
Frequently asked questions
How much did Lemonade pay for Metromile?
Lemonade acquired Metromile for $500M, announced on November 8, 2021.
When did Lemonade announce the acquisition of Metromile?
Lemonade announced the acquisition of Metromile on November 8, 2021.
What sub-sector is Metromile in?
Metromile is tracked in the Insurtech sub-sector.
Where is Metromile headquartered?
Metromile is headquartered in United States.
Sources
- lemonade.com /blog/lemonade-acquires-metromile/