Sunday, December 22, 2024

Luko: Raises €50M in Series B Funding

  • Luko, a Paris, France-based insurtech company that prioritizes social responsibility when protecting homes, raised €50m in Series B funding
  • The round was led by EQT Ventures with participation from existing investors
  • The company intends to use the funds to further invest in proprietary technology, product development, and the team
  • Since launching in 2018, the founders have assembled a team of 85 people with diverse skills and experiences from leading organizations
  • Luko provides a refreshing take on property insurance for renters and homeowners alike
  • Luko is now the leading French neo-insurer with more than 100,000 policyholders and pan-European expansion plans

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