---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-25-000010"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2025-02-07T23:59:59+00:00"
generated_at: "2026-05-27T00:57:12.548459+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lemonade expands customer investment financing to $200M for 2026 growth

## Summary
- Amended customer investment agreement increases 2026 commitment from $140M to $200M for sales and marketing.
- Investors provide up to 80% of Growth Spend; repayment continues until 16% IRR is achieved.
- Previous agreement: up to $150M through Dec 2024 and $140M for 2025; new amendment covers 2026.
- Financing backed by Reference Income from customer cohorts; retains standard representations and covenants.

## SEC filing metadata
- accession: 0001691421-25-000010
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2025-02-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142125000010/0001691421-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142125000010/lmnd-20250203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-25-000010
- JSON: https://secwatch.observer/filing/0001691421-25-000010.json
- Plain text: https://secwatch.observer/filing/0001691421-25-000010.txt

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