Porch Group has found that unique data provided by its home services software and partnerships has enhanced its underwriting of homeowners insurance and boosted its results. During the first quarter, the company reduced its GAAP net loss to $13.4 million, down from $38.7 million in first quarter of...
InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance and vertical software platform sector, reported a solid Q4. As announced after the bell on Thursday, March 7, Porch surpassed...
Betting going public will take advantage of a resurgence as the market recovers from COVID-19, Lemonade Inc., the technology-driven startup, has filed an initial public offering (IPO), the company announced Monday (June 8). If successful, the New York-based company will list its shares on the...
Japanese tech giant SoftBank is leading a $120 million investment round in home insurance startup Lemonade. According to Bloomberg Technology, New York-based Lemonade uses artificial intelligence and bots to minimize paperwork and speed up the claims process for renters and homeowners. The company raised $60...
May 08, 2024
Porch Group has found that unique data provided by its home services software and partnerships has enhanced its underwriting of homeowners insurance and boosted its results. During the first quarter, the company reduced its GAAP net loss to $13.4 million, down from $38.7 million in first quarter of 2023, and improved its adjusted EBITDA loss to $16.8 million, […]
June 09, 2020
Betting going public will take advantage of a resurgence as the market recovers from COVID-19, Lemonade Inc., the technology-driven startup, has filed an initial public offering (IPO), the company announced...
December 20, 2017
Japanese tech giant SoftBank is leading a $120 million investment round in home insurance startup Lemonade. According to Bloomberg Technology, New York-based Lemonade uses artificial intelligence and bots to minimize...
