Lemonade wraps up acquisition of car insurance provider Metromile
Lemonade, an American insurtech company, has closed the previously announced acquisition of San Francisco-based car insurance provider Metromile. The all-stock deal was announced in November 2021. As per the terms, the deal implies a fully diluted equity value of around $500 million, or a little over $200 million net of cash. Metromile’s shareholders have been […]