Not all startups are equal when it comes to funding. Especially since money is no longer flowing due to falling rates. While start-ups specializing in AI and greentechs – companies working towards the energy transition – are among investors’ darlings, insurtechs have not been very popular since the beginning of 2022.
A lack of love also due to the setbacks of certain emblematic companies in the sector, such as Luko. In 2023, this neo-insurer specializing in home insurance went through an accelerated safeguard procedure, an aborted buyout and receivership, before being taken over by Allianz. “This damaged the image of the sector and reduced the chances of raising funds for these companies,” confided at the time one of the investors in a BtoC insurance start-up.
