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

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 value

$500M

Target revenue

—

Target EBITDA

—

EV / Revenue

—

EV / EBITDA

—

Announcement

November 8, 2021

Close date

July 28, 2022

Acquirer

Lemonade (Strategic)

Target HQ

United States

Deal type

Stock

Sub-sector

Insurtech

Source: lemonade.com