French insurtech startup Luko locks in €50 million Series B led by EQT Ventures

French insurtech company Luko has raised €50 million in Series B funding led by EQT Ventures. Existing investors Accel, Founders Fund and Speedinvest also participated in the round, alongside angels with insurance and technology backgrounds, including Assaf Wand, the CEO and co-founder of US unicorn Hippo Insurance.

The Paris-based startup, which offers home insurance to renters and owners, says it has grown six times bigger since closing its €20 million Series A about a year ago.