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Will this former future unicorn be sold for parts?

From TechCrunch

By Anna Heim

November 4, 2023

Will this former future unicorn be sold for parts?

While Luko could still sell itself, it seems less likely to receive a "very competitive offer."

© 2023 TechCrunch. All rights reserved. For personal use only.

Most Recent

Colossal Biosciences reportedly in talks to raise new capital at $20B–$30B valuation

Colossal Biosciences reportedly in talks to raise new capital at $20B–$30B valuation

The de-extinction startup is looking to double or triple its previous valuation, according to the report.

Jul 20, 2026

Natural raises $30M to reinvent payments for AI agents — and take on Stripe

Natural raises $30M to reinvent payments for AI agents — and take on Stripe

The one-year-old startup aims to reinvent financial architecture for autonomous AI transactions.

Jul 20, 2026

Inference startup Infinity raises $15M from Touring Capital, OpenAI and Anthropic researchers

Inference startup Infinity raises $15M from Touring Capital, OpenAI and Anthropic researchers

AI infrastructure company Infinity announced Monday a $15 million raise at a $100 million valuation from investors including Touring Capital, Principal VC, and researchers from companies such as OpenAI and Anthropic.

Jul 20, 2026

StrictlyVC returns to New York City September 10 to celebrate a huge year for the city’s startup community

StrictlyVC returns to New York City September 10 to celebrate a huge year for the city’s startup community

For the first time since 2024, StrictlyVC is coming back to New York City — and we're bringing the kind of access you’d expect from an under-wraps event to the whole startup, VC, and dealmaking community.

Jul 20, 2026

Similar Posts

When to sell your company? Look for these signals

When to sell your company? Look for these signals

Part of the mythology of Silicon Valley is the committed founder driving the company to a blockbuster IPO. In reality, startups are 16 times more likely to get acquired. It’s not an outcome that’s frequently discussed, either. “It’s one of these things that a lot of people don’t really talk about. In Silicon Valley, we always talk about IPOs,” said Naveen Rao, VP of AI at Databricks and two-time founder, onstage at TechCrunch Disrupt 2024 on Thursday. That silence can make the arduous process

Nov 1, 2024

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

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

Allianz Direct, a digital-first German subsidiary of the insurance giant, hasnacquired the French home insurance business of ailing insurtech Luko for €4.3nmillion (around $4.65 million).

Jan 25, 2024

Openmart wants to make it easier for enterprises to sell to local businesses

Openmart wants to make it easier for enterprises to sell to local businesses

In 2020, Kathryn Wu launched a side hustle while she was working as a product engineer at Pinterest. Wu started a milk tea company, OhTea, with the hopes of connecting with local grocery stores and gift shops to get them to carry the tea. She quickly realized how difficult it was to not only be able to locate all of the potential retailors but also to find the point of contact at each place. The fragmented market was so hard to navigate, it ended up playing a role in the company’s demise. “I fa

Aug 21, 2024

Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?

Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?

Luko's parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.

Nov 22, 2023

Most Recent

Colossal Biosciences reportedly in talks to raise new capital at $20B–$30B valuation

Colossal Biosciences reportedly in talks to raise new capital at $20B–$30B valuation

The de-extinction startup is looking to double or triple its previous valuation, according to the report.

Jul 20, 2026

Natural raises $30M to reinvent payments for AI agents — and take on Stripe

Natural raises $30M to reinvent payments for AI agents — and take on Stripe

The one-year-old startup aims to reinvent financial architecture for autonomous AI transactions.

Jul 20, 2026

Inference startup Infinity raises $15M from Touring Capital, OpenAI and Anthropic researchers

Inference startup Infinity raises $15M from Touring Capital, OpenAI and Anthropic researchers

AI infrastructure company Infinity announced Monday a $15 million raise at a $100 million valuation from investors including Touring Capital, Principal VC, and researchers from companies such as OpenAI and Anthropic.

Jul 20, 2026

StrictlyVC returns to New York City September 10 to celebrate a huge year for the city’s startup community

StrictlyVC returns to New York City September 10 to celebrate a huge year for the city’s startup community

For the first time since 2024, StrictlyVC is coming back to New York City — and we're bringing the kind of access you’d expect from an under-wraps event to the whole startup, VC, and dealmaking community.

Jul 20, 2026

Similar Posts

When to sell your company? Look for these signals

When to sell your company? Look for these signals

Part of the mythology of Silicon Valley is the committed founder driving the company to a blockbuster IPO. In reality, startups are 16 times more likely to get acquired. It’s not an outcome that’s frequently discussed, either. “It’s one of these things that a lot of people don’t really talk about. In Silicon Valley, we always talk about IPOs,” said Naveen Rao, VP of AI at Databricks and two-time founder, onstage at TechCrunch Disrupt 2024 on Thursday. That silence can make the arduous process

Nov 1, 2024

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

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

Allianz Direct, a digital-first German subsidiary of the insurance giant, hasnacquired the French home insurance business of ailing insurtech Luko for €4.3nmillion (around $4.65 million).

Jan 25, 2024

Openmart wants to make it easier for enterprises to sell to local businesses

Openmart wants to make it easier for enterprises to sell to local businesses

In 2020, Kathryn Wu launched a side hustle while she was working as a product engineer at Pinterest. Wu started a milk tea company, OhTea, with the hopes of connecting with local grocery stores and gift shops to get them to carry the tea. She quickly realized how difficult it was to not only be able to locate all of the potential retailors but also to find the point of contact at each place. The fragmented market was so hard to navigate, it ended up playing a role in the company’s demise. “I fa

Aug 21, 2024

Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?

Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?

Luko's parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.

Nov 22, 2023