About Luko
Luko is a company based in Paris (France) founded in 2016 was acquired by Allianz in January 2024.. Luko has raised $84.9 million across 3 funding rounds from investors including Allianz, Accel and Speedinvest. Luko has completed 2 acquisitions, including Coya and Unkle. Luko offers products and services including Habitation Insurance, Civil Responsibility Insurance, and Assurance Voyage. Luko operates in a competitive market with competitors including Webfleet, Flitter, Wilov, Datafolio and assurly, among others.
- Headquarter Paris, France
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Allianz Direct Versicherungs-Ag/Succursale France
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Products & Services of Luko
Luko offers a comprehensive portfolio of products and services, including Habitation Insurance, Civil Responsibility Insurance, and Assurance Voyage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online coverage for home protection and damages.
Protection against civil liability claims and risks.
Insurance for travel-related responsibilities and incidents.
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Funding Insights of Luko
Luko has successfully raised a total of $84.9M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60.6 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $60.6M
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First Round
First Round
(31 May 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series B - Luko | Valuation | EQT Ventures | |
| Nov, 2019 | Amount | Series A - Luko | Valuation | Accel | |
| May, 2018 | Amount | Angel Round - Luko | Valuation | Xavier Niel , Bruno Rousset |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Luko
Luko has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Allianz, Accel and Speedinvest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and innovation sectors.
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Accel is recognized as a leading venture capital firm.
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Luko
Luko has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Coya and Unkle. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Tenant screening services are provided for rental properties in France.
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2018 | ||||
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Usage-based insurances are delivered via an online platform.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Luko
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Luko Comparisons
Competitors of Luko
Luko operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Webfleet, Flitter, Wilov, Datafolio and assurly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provides cloud-based fleet management software solutions.
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| domain | founded_year | HQ Location |
Online usage-based auto insurance platform for individuals
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| domain | founded_year | HQ Location |
Online platform for usage-based auto insurance
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| domain | founded_year | HQ Location |
Provider of usage-based auto insurance solutions
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| domain | founded_year | HQ Location |
Mortgage insurance solutions are provided for home financing needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Luko
Frequently Asked Questions about Luko
When was Luko founded?
Luko was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Luko located?
Luko is headquartered in Paris, France.
Is Luko a funded company?
Luko is a funded company, having raised a total of $84.9M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $2.21M, raised on May 31, 2018.
What does Luko do?
Luko was founded in 2016 in Paris, France, as an app-based platform in the insurance sector. Quotes are provided for non-occupant homeowner insurance, electric scooter coverage, building insurance, borrower protection, and related products. AI-driven tools and devices are utilized to prevent water and fire damage while detecting intruders. Claims processing services are managed, with applications available on iOS and Android devices.
What products or services does Luko offer?
Luko offers Habitation Insurance, Civil Responsibility Insurance, and Assurance Voyage.
Who are Luko's investors?
Luko has 14 investors. Key investors include Allianz, Accel, Speedinvest, EQT Ventures, and Founders Fund.
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