French insurance start-up Luko has raised another 50 million euros in investment capital, as it seeks to continue its rapid growth. Both EQT and Orange Ventures have put money into this round.
Luko surpassed the 100,000 policyholder mark just two years after its creation in 2018. Quadrupling the number of customers in one year (20,000 insured in November 2020), the scale-up continues to grow with an insurance model built around the Giveback system . At the end of the year, contributions which have not been used to reimburse claims are paid to associations or charities chosen by the insured.
Since its launch in 2018, Luko has continued to offer new services such as Docteur House , its recent teleconsultation service for the home. Basically a kind of MoT test, Luko launched Docteur House, a teleconsultation service with building professionals to prevent everyday risks and establish a health check of their home. Luko say that they signed up nearly 1,000 policyholders on this service, which combines human advice and digital technology.
“We are very proud that 100,000 French people trust Luko to protect and take care of their homes. This is a real milestone for Luko who proves that we can change the world of insurance by placing at the heart of our priorities people, ethics and service, as recently with Doctor House. ” Sharing Raphaël Vullierme, CEO and co-founder of Luko.
Today, Luko has nearly 80 employees and aims to hire at least 50 employees in 2021.