France
Luko by Allianz Direct positions itself as a prominent player in the insurtech sector in France, focusing on simplifying and demystifying home insurance for its over 200,000 policyholders. Founded in 2018, the company aims to deliver a streamlined digital experience, allowing customers to secure insurance in just two minutes via their app—efficiently circumventing traditional paperwork and revealing all costs clearly.
Their business model emphasizes transparency, simplicity, and flexibility, catering to a modern customer base that values digital solutions over conventional methods. Luko’s recent funding history underscores strong backing from key players; in December 2020, they secured a €50.00M Series B investment from prominent investors such as Orange Ventures MEA, Speedinvest, and Founders Fund.
This capital injection is aimed at further scaling operations and solidifying their leadership in the French market—a strategic move seen by their investor consortium, including individuals like Thomas Plantenga and Robert Gentz. The continued support from both institutional and individual investors indicates confidence in Luko’s disruptive potential and growth trajectory within the home insurance domain.
