Lemonade Brings On Spotify Exec To Lead Global Business Development

Business Wire

The fast growing insurance tech company hires Jorge Espinel as Chief Business Development Officer to spearhead partnerships and corporate development worldwide.

NEW YORK--(BUSINESS WIRE)-- Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced the appointment of Jorge Espinel as its Chief Business Development Officer, reporting directly to Lemonade CEO and cofounder Daniel Schreiber.

Espinel comes to Lemonade from Spotify, where he ran business development worldwide. His main focus at Lemonade will be to grow Lemonade’s product offering and reach through strategic partnerships and corporate development initiatives.

“For years we've admired how Spotify achieved spectacular growth through innovative partnerships. Few people and few companies have accomplished what Jorge did with Spotify,” said Shai Wininger, Lemonade COO and cofounder. “Our own ambition is to make Lemonade one of the iconic global brands of the 21st century, and having Jorge join our team is a big step towards that goal.”

Prior to leading the global business development at Spotify, Espinel was the EVP, Strategy & Corporate Development of 21st Century Fox’s Digital Media Group, and prior to that, headed AOL’s Corporate Strategy and M&A, driving corporate development activities.

“Lemonade has all the critical elements to emerge as the transformational player in a sector, which is ripe for disruption. As someone who has been closely following Lemonade's rapid growth, I'm eager to bring my experience to a team that's driving innovation in an industry that impacts people's daily lives," said Jorge Espinel, Chief Business Development Officer, Lemonade. "Bringing Lemonade's transparency, cutting-edge technology, and innovative business model to new markets and partners worldwide is an extraordinary mission that I embrace with enthusiasm."

Operational in 20 US states, Lemonade has raised $180 million from investors worldwide, including SoftBank, Sequoia Capital, General Catalyst, and more.

Read why Jorge joined Lemonade here.

About Lemonade
Lemonade Insurance Company is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade aims for zero paperwork and instant everything. As a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. Lemonade is currently available for most of the United States, and looks to expand globally.

Stay in touch at www.lemonade.com, @lemonade_inc or www.facebook.com/lemonade