Late last week, Lemonade announced a financial agreement to borrow 80% of the costs it incurs to acquire insurance customers from a venture firm. The insurtech carrier revealed the deal in a media statement and several social media messages. The …
In 2017, Pacific Life Insurance Co. introduced a socially conscious, online investing platform tailored to thirtysomethings eager to use their assets to make the world a better place. Those investors proved more expensive and rare than the company thought, and …
Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital Partners. Cambridge, Mass.-based EverQuote said it will use the …
