Lemonade is a licensed insurance provider founded by CEO Daniel Schreiber and chief operating officer Shai Wininger. The two were introduced by a venture capitalist, someone who provides capital to startups in exchange for a share of that company’s future growth. Schreiber and Wininger founded Lemonade in 2015 with the intent of disrupting the insurance industry with a more transparent model that consumers could trust. Ty Sagalow, a longtime veteran of the insurance industry, serves as chief insurance officer.