Luko overview

Luko is a Paris-based venture who have built sensors & AI that work to safeguard against accidents in the home (leaks, fires, intrusion etc.) Underwritten by La Parisienne Assurances, it safeguards damages caused by carelessness or negligence without limitation for bodily injury and up to €50k for property damage. Since 2019, Luko has also broadened its offering to include coverage for electric scooters (up to €8k in value).

The startup offers several IoT solutions to help keep their customers protected and conscious of their energy consumption, citing prevention being better than a cure. Luko offers devices that specifically target water leaks (Luko Water), burglary  (Luko Smart Door) and fire (Luko Elec - which also monitors electrical consumption in real time). The startup also offers Luko Bridge, which can analyse data from different sensors from around the home. All the devices connect to a consumer's smart phone and send notifications if it detects anything out of the ordinary (Luko sensors use machine learning to learn consumer's routines). Luko also helps to lower energy consumption, reducing bills and environmental impact.

Luko claimed to  reach 10k customers in France within a year of launch.

Midway through 2018, Luko raised €2 million in seed round funding led by Angel investor Bruno Rousset and Xavier Niel (Kima Ventures).

The following year Luko announced a partnership with Munich Re, together launching an AI-powered satellite imagery home insurance. The technology enables Luko to avoid large forms, and instead use satellite imagery to automatically detect a property's roof surface, ground surface and other variables, which in turn means the startup is able to produce a personalised insurance solution for a consumer within two minutes. The images also help analyse and review a property in the event of a claim.

In 2019 the startup also partnered with Lydia, a France-based P2P payment app, to ensure instant payments.

In November 2019 Luko announced it had raised a €20m Series A round, led by Accel. Co-Founder Raphaeël Vullierme stated the funding will be used to 'accelerate its home protection technology development, expand from France across Europe, and develop additional HomeCare Services.'

In February 2020 it was reported that Luko was exploring its entry into the UK.

Map showing the location of Luko

Paris, France

Need more insight?

Speak to us about commissioning some bespoke research.

Find out more

Key people

Benoit Bourdel CTO
Raphael Vullierme CEO
Alexandre de La Morinerie Head of P&C
Mathieu G Head of Acquisition