---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-24-000006"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:35:11.963422+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lemonade amends customer investment deal, lines up up to $290M for growth

## Summary
- Investors commit up to $150M through Dec 2024 and $140M through Dec 2025 for sales and marketing.
- Investors fund up to 80% of Growth Spend per Reference Cohort; payback via share of Reference Income.
- Company pays investors until they achieve 16% IRR; thereafter Company retains all future income.
- Agreement carries standard representations, warranties, and covenants; may be terminated per terms.

## SEC filing metadata
- accession: 0001691421-24-000006
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142124000006/0001691421-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142124000006/lmnd-20240108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-24-000006
- JSON: https://secwatch.observer/filing/0001691421-24-000006.json
- Plain text: https://secwatch.observer/filing/0001691421-24-000006.txt

## Key facts
- Material Agreements
  Lemonade, Inc. entered into Amended and Restated Customer Investment Agreement with GC Customer Value Arranger, LLC, as Arranger on behalf of the Investors valued at up to $150 million from June 28, 2023 through December 31, 2024 and up to $140 million from December (effective 2024-01-08).
  - Action: entry
  - Counterparty: GC Customer Value Arranger, LLC, as Arranger on behalf of the Investors
  - Value: up to $150 million from June 28, 2023 through December 31, 2024 and up to $140 million from December
  - Effective: 2024-01-08
  source text: On January 8, 2024, Lemonade, Inc. (the “Company”) entered into an Amended and Restated Customer Investment Agreement (the “Agreement”), with GC Customer Value Arranger, LLC, as Arranger on behalf of the Investors (the “Investors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1691421/000169142124000006/0001691421-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.