Luko
luko.eu
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Overview
Luko is a Paris insurtech founded in 2016 that sells home insurance through a fully digital experience. Its model returns unused premiums to charities chosen by policyholders and uses connected sensors to prevent water damage. The company expanded across Europe before being acquired by Allianz Direct in 2024.
News
Luko's acquisition won't make everyone happy, but the insurtech will live on
Allianz Direct, a digital-first German subsidiary of the insurance giant, has acquired the French home insurance business of ailing insurtech Luko for €4.3 million (around $4.65 million).
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Unpacking the end of Luko's solo journey in insurtech
It's not all rosy for companies that prioritized growth a couple of years ago and now find themselves in a market that favors profitability.
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Accel-backed insurance startup Luko doubles down on core business in push to profitability as it struggles to fundraise in gruelling market
The French startup had planned to raise capital earlier this year but found investors were no longer interested in funding growth-stage businesses.
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Check out the pitch deck that insurance startup Luko used to raise $61 million, bucking a wider slowdown in funding
Luko claims to have grown 6x since its last funding round despite the impact of Covid-19.
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Home insurance firm Luko snags Series A
Luko, a Paris-based home insurance company, has raised 20 million euros in Series A funding. Accel led the round with participation from Founders Fund and Speedinvest.
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Home insurance startup Luko raises $22 million for AI that reduces domestic accidents
Accel has led a $22 million investment in French startup Luko, which uses sensors, data, and machine learning to help avoid household accidents.
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Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
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1
Paris
France
HQ
Financials
Total raised
$22M
Latest round
Series A
Funding rounds
1
Funding rounds
| Round | Announced | Amount | |
|---|---|---|---|
| Series A | 2019 | $22M | Details |