Luko’s acquisition won’t make everyone happy, but the insurtech will live on

It’s not every day that you hear about a large funding round for a French startup in the current funding environment. But Neat, a Paris-based insurtech startup, has managed to raise €50 million (around $55 million at current exchange rates). There is some fine print however. In addition to the traditional equity-for-cash financial transaction, a portion of this funding round is a debt facility. It’s around 60% in equity and 40% in debt, according to the company. So it’s more like a €30 million

Sep 10, 2024

Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own […]

Oct 8, 2023

Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own […]

Oct 8, 2023

Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cyber insurance product specifically designed for small and medium-sized businesses. The French startup recently raised a €25 million Series B round (around $27 million at current exchange rates). In many ways, Stoïk follows in the footsteps of

Oct 14, 2024