Sec Form 13G Filing - SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS L.P. filing for Lemonade Inc. (LMND) - 2021-02-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c) and (d) and

Amendments Thereto Filed Pursuant to § 240.13d-2

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

Lemonade, Inc.

(Name of Issuer)

Common Stock, par value $0.00001 per share

(Title of Class of Securities)

52567D107**

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

**

This CUSIP number applies to the Issuer’s Common Stock.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

  1    

  NAME OF REPORTING PERSON

 

  SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS, L.P. (“SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS”)

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

   6   

  SHARED VOTING POWER

 

  3,041,173

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

  3,041,173

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,041,173

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.4%1

12  

  TYPE OF REPORTING PERSON

 

  PN

 

1

Based on a total of 56,590,529 shares of common stock outstanding as of November 12, 2020, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2020.

  1    

  NAME OF REPORTING PERSON

 

  SEQUOIA CAPITAL ISRAEL VENTURE FUND V, L.P. (“SEQUOIA CAPITAL ISRAEL VENTURE FUND V”)

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

   6   

  SHARED VOTING POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SEQUOIA CAPITAL ISRAEL VENTURE FUND V and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS.

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SEQUOIA CAPITAL ISRAEL VENTURE FUND V, L.P. and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, L.P. together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,041,173

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.4%1

12  

  TYPE OF REPORTING PERSON

 

  PN

 

1

Based on a total of 56,590,529 shares of common stock outstanding as of November 12, 2020, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2020.

  1    

  NAME OF REPORTING PERSON

 

SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, L.P. (“SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND”)

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

   6   

  SHARED VOTING POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SEQUOIA CAPITAL ISRAEL VENTURE FUND V and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS.

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SEQUOIA CAPITAL ISRAEL VENTURE FUND V and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,041,173

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.4%1

12  

  TYPE OF REPORTING PERSON

 

  PN

 

1

Based on a total of 56,590,529 shares of common stock outstanding as of November 12, 2020, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2020.

  1    

  NAME OF REPORTING PERSON

 

  SC ISRAEL VENTURE V MANAGEMENT, L.P. (“SC ISRAEL VENTURE V HOLDINGS”)

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

   6   

  SHARED VOTING POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SC ISRAEL VENTURE V MANAGEMENT is the General Partner of SEQUOIA CAPITAL ISRAEL VENTURE FUND V and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, which together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS.

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SC ISRAEL VENTURE V MANAGEMENT is the General Partner of SEQUOIA CAPITAL ISRAEL VENTURE FUND V, L.P. and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, which together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,041,173

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.4%1

12  

  TYPE OF REPORTING PERSON

 

  PN

 

1

Based on a total of 56,590,529 shares of common stock outstanding as of November 12, 2020, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2020.

  1    

  NAME OF REPORTING PERSON

 

  SC ISRAEL VENTURE V (TTGP), Ltd. (“SC ISRAEL VENTURE V (TTGP)”)

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

   6   

  SHARED VOTING POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SC ISRAEL VENTURE V MANAGEMENT is the General Partner of SEQUOIA CAPITAL ISRAEL VENTURE FUND V and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, which together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. The General Partner of SEQUOIA CAPITAL ISRAEL VENTURE V MANAGEMENT is SC ISRAEL VENTURE V (TTGP).

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

3,041,173, of which 3,041,173 shares are owned directly by SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. SC ISRAEL VENTURE V MANAGEMENT is the General Partner of SEQUOIA CAPITAL ISRAEL VENTURE FUND V and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, which together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. The General Partner of SEQUOIA CAPITAL ISRAEL VENTURE V MANAGEMENT is SC ISRAEL VENTURE V (TTGP).

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,041,173

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.4%1

12  

  TYPE OF REPORTING PERSON

 

  OO

 

1

Based on a total of 56,590,529 shares of common stock outstanding as of November 12, 2020, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2020.

ITEM 1.

(a) Name of Issuer:

Lemonade, Inc.

(b) Address of Issuer’s Principal Executive Offices:

5 Crosby Street, 3rd Floor

New York, New York 10013

 

ITEM 2.

(a) Name of Persons Filing:

Sequoia Capital Israel Venture V Holdings, L.P.

Sequoia Capital Israel Venture Fund V, L.P.

Sequoia Capital Israel Venture V Principals Fund, L.P.

SC Israel Venture V Management, L.P.

SC Israel Venture V (TTGP), Ltd.

SC ISRAEL VENTURE V MANAGEMENT is the General Partner of SEQUOIA CAPITAL ISRAEL VENTURE FUND V and SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, which together own 100% of the outstanding shares of SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS. The General Partner of SEQUOIA CAPITAL ISRAEL VENTURE V MANAGEMENT is SC ISRAEL VENTURE V (TTGP).

(b) Address of Principal Business Office or, if none, Residence:

2800 Sand Hill Road, Suite 101

Menlo Park, CA 94025

(c) Citizenship:

SEQUOIA CAPITAL ISRAEL VENTURE V HOLDINGS, SEQUOIA CAPITAL ISRAEL VENTURE FUND V, SEQUOIA CAPITAL ISRAEL VENTURE V PRINCIPALS FUND, SC ISRAEL VENTURE V MANAGEMENT, SC ISRAEL VENTURE V (TTGP): Cayman Islands

(d) CUSIP No.: 52567D107

 

ITEM 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

NOT APPLICABLE

 

ITEM 4.

OWNERSHIP

SEE ROWS 5 THROUGH 11 OF COVER PAGES

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐.

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

NOT APPLICABLE

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

NOT APPLICABLE

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

NOT APPLICABLE

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP.

NOT APPLICABLE

 

ITEM 10.

CERTIFICATION

NOT APPLICABLE

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 12, 2021

Sequoia Capital Israel Venture V Holdings, L.P.
By:   SC Israel Venture V Management, L.P.
its General Partner
By:   SC Israel Venture V (TTGP), Ltd.
its General Partner
By:  

/s/ Haim Sadger

  Haim Sadger, Authorized Signatory
Sequoia Capital Israel Venture Fund V, L.P.
By:   SC Israel Venture V Management, L.P.
its General Partner
By:   SC Israel Venture V (TTGP), Ltd.
By:  

/s/ Haim Sadger

  Haim Sadger, Authorized Signatory
Sequoia Capital Israel Venture V Principals Fund, L.P.
By:   SC Israel Venture V Management, L.P.
its General Partner
By:   SC Israel Venture V (TTGP), Ltd.
By:  

/s/ Haim Sadger

  Haim Sadger, Authorized Signatory
SC Israel Venture V Management, L.P
By:   SC Israel Venture V (TTGP), Ltd.
its General Partner
By:  

/s/ Haim Sadger

  Haim Sadger, Authorized Signatory
SC Israel Venture V (TTGP), Ltd.
By:  

/s/ Haim Sadger

  Haim Sadger, Authorized Signatory