Grace, a Paris, France-based fintech that empowers luxury brands to offer their clients protection against theft and loss, raised €5.9m in funding.
The round was led by FinTech Collective and Speedinvest, alongside Firstminute Capital, Kima Ventures, Bpifrance, and individual investors including Laurent Ritter (Founder, Voodoo) through his fund Purple, Didier Valet (former MD, Société Générale), Eric Mignot (CEO, +Simple), Maxime Brousse (CEO, Selency via Sequoia scout program), Josef Bovet (via a16z scout program), Martin Hartley (COO, PURE Insurance) and Thomas Clozel (CEO, Owkin).
The company intends to use the funds to accelerate the development of its proprietary technology, strengthen operational capabilities, structure its international expansion, and recruit talent to support this growth.
Led by Lou Dana, President, Quentin Roy, CEO, and Martin Lenweiter, CTO, Grace allows luxury clients to wear their products offering complementary protection against theft and loss, activated automatically from the moment of purchase. Its AI-powered platform simplifies the reporting and management of claims related to theft and loss, enhancing customer experience and loyalty.
In partnership with some of the world’s leading luxury Maisons and global insurer Chubb, the company will protect over 200,000 luxury items by the end of 2025.
FinSMEs
03/04/2025