The $2 billion Softbank-backed insurance startup Lemonade has filed to go public

Lemonade, an insurance startup worth $2 billion, filed financial paperwork on Monday to go public. In its registration statement, the company revealed ballooning losses alongside top-line growth.  Other Softbank-backed startups, from Uber to WeWork, are hemorrhaging money.  Visit Business Insider’s homepage for more stories.

Lemonade, an insurance company backed by SoftBank, filed documents on Monday for an initial public offering.

The buzzy startup, which has garnered valuations north of $2 billion, is one of a slew of “insurtech” startups hoping to revolutionize insurance policies by using artificial intelligence and big data to analyze risk better than traditional