What is Luko?
Founded in 2018 in Paris, Luko is redefining home insurance and home services by integrating social responsibility and technology into its core operations. The company champions a proactive and preventive approach, distinguishing itself as a B-Corp certified entity with a highly-rated customer service. Luko has amassed over 200,000 policyholders, transforming the perception of insurance through transparency, technology, and a commitment to social impact. Its unique Giveback program aligns the company's interests with policyholders by donating excess premiums to associations chosen by them. The leadership, spearheaded by co-founders Raphaël Vullierme (CEO) and Benoît Bourdel (CTO), leverages a blend of technological innovation and ethical business practices.
How much funding has Luko raised?
Luko has raised a total of $82.7M across 2 funding rounds:
Series A
$22M
Series B
$60.7M
Series A (2019): $22M with participation from Speedinvest, Accel, and Founders Fund
Series B (2020): $60.7M led by EQT Partners Inc, Founders Fund LLC, Speedinvest GmbH, and Accel Partners BV
Key Investors in Luko
EQT Partners Inc
EQT Partners Inc. is a global investment organization that partners with companies to help them achieve sustainable growth. They focus on long-term value creation across various sectors.
Founders Fund LLC
Founders Fund is a venture capital firm that invests in companies poised to become the world's most important and valuable. They have a history of backing transformative technology companies.
Accel
Accel is a prominent venture capital firm known for investing in early-stage and growth-stage technology companies. They provide strategic guidance and capital to help startups scale.
What's next for Luko?
The recent major strategic investment signals Luko's readiness to scale its operations and further enhance its technological infrastructure. This capital infusion is expected to fuel product development, expand its market reach within France and potentially beyond, and strengthen its position as a leader in the insurtech space. Luko's focus on social responsibility and customer-centricity, combined with its data-driven approach, positions it well to capitalize on evolving consumer demands for more ethical and efficient insurance solutions. Future growth may involve expanding its suite of home services and deepening its community impact.
See full Luko company page
