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Global investor rights law firm Halper Sadeh LLP has launched an investigation into whether the sale of Metromile to Lemonade is fair to Metromile shareholders.
Lemonade, the insurance company that leverages AI technology, has entered into an agreement to acquire Metromile, a digital insurance platform based in the US.
Metromile, a car insurance platform with a pay-per-mile model, has closed its Series E on $90m.
Pay-per-mile car insurance firm Metromile has landed $103.5m in a Series D round of funding. The capital comes from Canadian insurer Intact Financial and China Pacific Insurance (CPIC).