Two months after launching out of stealth to take on the peer-to-peer insurance industry, New York-based Lemonade has raised $33 million in funding, according to an SEC filing from December 2nd.
First spotted by CB Insights‘ filing tracker, the quiet raise that closed in November is the opposite of the company’s splashy debut last year.
In December 2015, the insurance startup raised $13 million in seed funding — the largest ever seed investment by legendary Silicon Valley firm Sequoia capital.