| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | France |
| Sector | Insurtech |
| Total raised | ~€80M (EQT Ventures, Accel, Kima Ventures, Xavier Niel) |
| Collapse type | Fire Sale |
| Founder | Raphaël Vullierme, Benoît Bourdel |
Luko
"The French home insurance startup that raised €80 million promising to reinvent insurance — then sold to Admiral for €4.3 million when its loss ratio never dropped below 100%"
Distressed acquisition below last-round valuation
Key Events Timeline
Luko was founded in 2018 by Raphaël Vullierme and Benoît Bourdel in Paris as a mobile-first home insurance startup inspired by the American insurtech wave led by Lemonade.
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