Grace Secures €5.9M Seed Funding to Insure Luxury Goods with Tech-Driven Protection
Insurtech startup Grace raises €5.9M to revolutionize luxury goods protection.
Matilda
Grace Secures €5.9M Seed Funding to Insure Luxury Goods with Tech-Driven Protection
Luxury goods come with sky-high price tags, but you'd be surprised how underinsured they are — especially when people travel. That's exactly the gap Grace, a rising insurtech startup, is aiming to close. The Paris-based company just secured a solid €5.9 million (about $6.4 million) seed round, and I think it couldn’t have come at a better time. Image:Google Led by FinTech Collective and Speedinvest, this funding round also saw participation from Kima Ventures, Bpifrance, and Firstminute Capital. That’s not just capital — that’s validation from some of the smartest names in venture. Now, if you're like me and have watched the luxury space evolve over the past few years, you’ll know that theft and damage of high-end goods are on the rise. According to Grace’s co-founder Lou Dana, stolen luxury items have nearly tripled recently. That’s no small stat. And if you’ve ever dealt with post-purchase issues from luxury brands, you probably know how slow or nonexistent the response c…
