What is Luko?
Luko is revolutionizing the home insurance and home services market by prioritizing social responsibility and technology. As a B-Corp certified entity and the leading neo-home insurance provider in France, Luko serves over 200,000 policyholders with a proactive and preventive strategy. Founded in Paris in 2018 by Raphaël Vullierme and Benoît Bourdel, the company aims to transform the perception of insurance into a positive experience through transparency, technology, and a unique Giveback program that donates excess premiums to policyholder-chosen associations.
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 Founders Fund LLC, EQT Partners Inc, Speedinvest GmbH, and Accel Partners BV
Key Investors in Luko
Speedinvest
Speedinvest is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and focus on supporting founders through the growth stages of their businesses.
Accel
Accel is a venture capital firm that invests in companies across various stages, with a particular focus on technology and growth-stage companies. They provide strategic guidance and capital to help businesses scale.
Founders Fund
Founders Fund is a venture capital firm that invests in companies across all geographies, sectors, and stages, with a focus on backing ambitious founders and transformative technologies.
What's next for Luko?
With substantial backing and a clear trajectory of growth, Luko is well-positioned to further scale its operations and expand its innovative insurance and home services model. The company's focus on social responsibility and technology, coupled with its B-Corp certification, suggests a strategic direction aimed at long-term sustainable growth and market leadership. Future developments are likely to involve enhancing its digital platform, expanding its service offerings, and potentially exploring new geographic markets, all while maintaining its commitment to policyholder value and community impact.
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