# Luko Cover

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/luko-cover

- Industry: Insurance
- Headquarters: Paris, France
- Website: www.luko.eu
- Total disclosed funding: $61M
- Latest round: Series B (Aug 16, 2021)
- Investors on record: 11

## About

Luko Cover SAS, based in France, specializes in offering innovative online home insurance solutions, focusing on customizable coverage tailored for homeowners and renters.Luko Cover SAS was founded in 2016 in Paris, France, as a provider of online home insurance solutions. The company does not have any subsidiaries and operates independently. The founders include Benoît Bourdel, Luis Villamizar, Matthieu Luneau, and Raphaël Vullierme. Max Bachem currently serves as CEO. Luko has completed a total of 9 deals with its most recent deal occurring on March 18, 2025, when Allianz Partners SAS invested EUR 4.3 mn in a TRADE SALE, bringing the total amount raised to EUR 4.3 mn.Luko by Allianz Direct focuses on delivering online home insurance solutions that offer customizable and transparent coverage for both homeowners and renters. Their primary products include residential property insurance, civil liability insurance, and specialized coverage for shared living situations like student accommodations. Their fully digital platform enables users to subscribe in just two minutes and adjust their contracts as necessary. Customers can easily report claims through a user-friendly app, enhancing their overall experience. Luko operates mainly in France but plans to expand its footprint across Europe, currently serving over 400,000 insured individuals.Luko generates revenue through subscription-based insurance models, providing monthly plans for its various insurance offerings. Customers benefit from a direct-to-consumer transaction structure, selecting from a range of insurance options tailored to their specific needs. The pricing is competitive, ensuring affordable rates for essential coverage such as home and civil liability insurance. Revenue is derived from these subscriptions, fostering customer loyalty and facilitating a smooth transition to Luko's modern, digital-first insurance approach.Luko plans to utilize its recent acquisition by Laka Ltd. to enhance its market presence, particularly in the e-scooter insurance sector, by integrating its offerings into Laka's portfolio. This strategic move aims to expand into the European micromobility market. The acquisition was completed on March 18, 2025, facilitating Laka's growth in this emerging area. Luko’s future initiatives will focus on launching new products and improving its existing services to better cater to the needs of its growing customer base.

## Funding rounds

- Series B, Aug 16, 2021, $45M — Accel, EQT, Founders Fund, Evolem, Speedinvest, Orange Ventures, Uniqa Ventures, Celestial Ally Limited
- Series A, Dec 20, 2019, $16M — Accel, Founders Fund, Speedinvest, Uniqa Ventures, Tayenthal Ventures UG, Illusian Family Office
- Seed, Oct 25, 2018, $1.1M — Evolem, Kima Ventures

## Investors

- Evolem — Seed, Series B
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A, Series B
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Series A, Series B
- Uniqa Ventures (https://capitalatlas.ai/funds/uniqa-ventures) — Series A, Series B
- Tayenthal Ventures UG — Series A
- Illusian Family Office — Series A
- EQT (https://capitalatlas.ai/funds/eqt) — Series B
- Orange Ventures — Series B
- Celestial Ally Limited — Series B