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Related Party Transactions
3 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company uses the services of a travel agency owned by a relative of one of the Company’s key stockholders. The Company incurred travel expenses in the amount of less than $0.1 million for both the three months ended March 31, 2023, and March 31, 2022.
The Company historically leased office spaces in the United States, the Netherlands and the U.K. from an affiliate. Rental expense in connection with the leased space was less than $0.1 million for both the three months ended March 31, 2023 and March 31, 2022. There were no outstanding amounts due from or to related parties as of March 31, 2023 and December 31, 2022.
The Company’s Co-Chief Executive Officers, both of whom are also members of the Company’s board of directors, are the two sole members of the board of directors of the Lemonade Foundation. The Company contributed 500,000 shares of common stock with a fair market value of $24.36 per share (see Note 10). In connection with the Follow-on Offering as discussed in Note 10, Lemonade Foundation sold 100,000 shares of the contributed shares of the Company. As of March 31, 2023, there were no outstanding amounts due to or from the Lemonade Foundation.