Property and Equipment, net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following ($ in millions):


	December 31,
	2021		2020
Computer equipment and software	$	11.7	$	4.8
Leasehold improvements	4.6		2.2
Furniture and equipment	1.3		1.1
	17.6		8.1
Accumulated depreciation	(5.9)		(2.4)
Property and equipment, net	$	11.7	$	5.7

Depreciation expense for the years ended December 31, 2021, 2020 and 2019 was $3.7 million, $1.7 million and $0.6 million, respectively and included in general and administrative expenses on the consolidated statements of operations and comprehensive loss.

The Company capitalized costs related to the development of internal-use software of $8.1 million and $3.2 million for the years ended December 31, 2021 and 2020, respectively. Capitalized amounts are included as a component of property and equipment under computer equipment and software.