Can AI do ugly?

10:00 am PST • January 27, 2024

Some thoughts on AI aesthetics, the challenge of uninsurability, and how to pitch a biotech startup to non-experts.

Can AI do ugly?

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).

Luko’s acquisition won’t make everyone happy, but the insurtech will live on

Luko’s parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.

Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?

While Luko could still sell itself, it seems less likely to receive a “very competitive offer.”

Will this former future unicorn be sold for parts?

Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral…

European digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers

It’s not all rosy for companies that put growth first back when it was sexy to reach for the skies, and now find themselves in a market that favors a…

Unpacking the end of Luko’s solo journey in insurtech

French startup Luko is acquiring German startup Coya in order to grow its European presence and get an insurance license from German regulators. While Luko isn’t disclosing terms of the…

Insurtech startup Luko acquires Coya and gains insurance license

Lemonade is launching its renters insurance in France. This is the company’s third European launch after the Netherlands and Germany. Originally from the U.S., Lemonade is now a public company…

Lemonade launches its renters insurance in France

French startup Luko has raised a $60 million Series B funding round (€50 million). The round is led by EQT Ventures, with existing investors Accel, Founders Fund and Speedinvest also…

Luko raises $60 million for its home insurance products

French startup Luko has raised a $22 million Series A round led by Accel (€20 million). Founders Fund and Speedinvest are also participating in today’s funding round. When you rent…

Luko raises $22 million to improve home insurance