Luko Funding: How Much Did They Raise & Key Investors

How Much Did Luko Raise?
Funding & Key Investors

Luko, the Paris-based insurtech innovator, has successfully secured significant capital to accelerate its mission of transforming the home insurance landscape. With a cumulative capital injection reaching $82.7M, the firm continues to solidify its market position following a recent strategic investment of $60.7M. This latest financing round underscores investor confidence in Luko's proactive, technology-driven approach to property protection and its unique B-Corp certified business model.

The company's growth trajectory, marked by a transition from its initial Series A backing to a robust Series B expansion, highlights its ability to scale operations while maintaining high customer satisfaction metrics. By leveraging advanced data analytics and a preventive service framework, Luko is effectively disrupting traditional insurance paradigms across the European market.

What is Luko?

Luko

Insurance

Luko operates as a neo-home insurance provider that integrates social responsibility with cutting-edge technology. Founded in 2018, the company distinguishes itself through a preventive approach to home maintenance and insurance, moving beyond the reactive nature of legacy providers. With over 200,000 policyholders, Luko utilizes a proprietary Giveback program, which aligns the interests of the insurer and the insured by donating excess premiums to charitable causes. This model has positioned Luko as a leader in the insurtech sector, emphasizing transparency, digital-first user experiences, and a commitment to positive social impact.

How much funding has Luko raised?

Luko has raised a total of $82.7M across 2 funding rounds:

2019

Series A

$22M

2020

Series B

$60.7M

Series A (2019): $22M with participation from Accel, Founders Fund, and Speedinvest

Series B (2020): $60.7M led by Founders Fund LLC, EQT Partners Inc, Speedinvest GmbH, and Accel Partners BV

Key Investors in Luko

Accel

A premier venture capital firm that partners with exceptional founders to build category-defining companies across various stages of growth.

Founders Fund

A venture capital firm that invests in transformative companies across all sectors, known for supporting early-stage ventures that challenge existing industry norms.

Speedinvest

A European venture capital fund that specializes in early-stage technology investments, providing operational support and deep industry expertise to high-growth startups.

What's next for Luko?

Looking ahead, Luko is well-positioned to leverage its recent capital infusion to deepen its market penetration and enhance its suite of home service offerings. The strategic focus will likely center on scaling its technological infrastructure to support a growing user base while maintaining the high service standards that have defined its brand. As the company matures, the integration of more sophisticated IoT-based preventive tools will be critical in maintaining its competitive edge. By continuing to prioritize its B-Corp values alongside aggressive growth, Luko aims to redefine the standard for modern, ethical home protection in an increasingly digital economy.

See full Luko company page

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