Luko
Some thoughts on AI aesthetics, the challenge of uninsurability, and how to pitch a biotech startup to non-experts.
Luko’s acquisition won’t make everyone happy, but the insurtech will live on
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).
Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?
Luko’s parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.
While Luko could still sell itself, it seems less likely to receive a “very competitive offer.”
European digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers
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…
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…
Insurtech startup Luko acquires Coya and gains insurance license
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…
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…
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…
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…