Luko sells home insurance products for both homeowners and renters, emphasizing fast onboarding and quick payouts. The company has grown rapidly from 15,000 customers to 100,000 over the past year. Its revenue model takes a 30% cut of monthly payments and pools the remaining 70% to pay claims; Luko does not benefit from unused premiums and customers can opt to donate their leftover share at year end. Luko is B-Corp certified and has 85 employees. To speed repayments, Luko can send money via Lydia for near-instant refunds. The company plans to expand beyond France and to offer proactive home-protection hardware such as water meters and door sensors. Luko builds digital home insurance with a streamlined online signup that delivers an insurance certificate within minutes. It partners with Munich Re (via Great Lakes Insurance) and Swiss Re (via La Parisienne Assurances) to issue policies. Customers can file claims via chat, phone, or video call through the mobile app, and Luko integrated with Lydia for instant payments. The company has about 15,000 customers and generates revenue by taking a flat fee on monthly subscriptions; any leftover funds are donated to charities and Luko holds BCorp certification. Luko is exploring preventive hardware such as water meters and door sensors to detect issues before damage occurs, and investors have signed a pledge to preserve its redistributive model. Luko began in 2016 offering the “Luko Home Guardian,” a small box that reads electricity consumption and uses machine-learning to detect appliances and risks. The company sells additional sensors for doors, electric and water meters, and a Wi‑Fi connector to aggregate sensor data. Luko has expanded into home insurance, promoting prevention of avoidable claims through its devices and data. Coverage is underwritten by La Parisienne Assurances and Luko markets a transparent, fixed-fee insurance model. The company charges a 30% fee for operations and allocates 70% to paying claims, with any leftover donated to a customer-selected charity. Luko reports a wait-list of 1,340 people for its offering.

Total raised

$85M

Funding rounds

3

Latest round

Series B

Latest activity

Dec 2020