Grays Peak Capital Announces IPO of Portfolio Company

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NEW YORK, NY / ACCESSWIRE / July 8, 2020 / Grays Peak Capital, a Global Investment Firm, announced the successful listing of portfolio company, Lemonade Inc. (Lemonade (LMND)) on the NYSE stock exchange as of July 2, 2020. This marks the third portfolio company to successfully list on a public exchange.

Lemonade is considered a leader in the FinTech space and a disruptor to the existing insurance industry, one of the largest industries in the world. Property, casualty and life insurance premiums amount to approximately $5 trillion globally, and account for 11% of gross domestic product in the United States.

Lemonade provides technology in the online home insurance space offering products for renters and homeowners. Using artificial intelligence and chatbots they have streamlined the process and created a closed loop and taken advantage of being digitally native.

“Grays Peak continues to invest in companies that leverage technology, data, artificial intelligence, contemporary design and behavioral economics. Large industries continue to be disrupted by nimble vertically integrated companies who have funding and resources to build a full technology stack.

FinTech continues to be an area of focus and growth for the firm. ” stated Scott Stevens, Founder of Grays Peak Capital.