French startupLukohas raised a $60 million Series B funding round (€50 million). The round is led by EQT Ventures, with existing investors Accel, Founders Fund and Speedinvest also participating.
Some angel investors with a background in insurance and technology are also investing in the startup, such as Assaf Wand, the co-founder of Hippo Insurance.
Luko is selling home insurance products for both homeowners and renters. And the company has managed to attract 100,000 clients so far. Over the past year or so, the company has grown quite rapidly, jumping from 15,000 customers to 100,000.