Insurance-Based Luzern Risk Raises $45M in Series B Funding

The round also saw participation from Trust Ventures and existing investor Caffeinated Capital.

The company will use the funding to accelerate its captive insurance platform, expand its AI capabilities, and offer clients more alternative risk solutions.

What is Luzern Risk?

Luzern Risk provides technology and services for businesses using captive insurance and other alternative risk solutions.

Its AI-native platform is designed to reduce the time needed to launch and manage custom captive insurance programs at scale.

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Captives are regulated insurance entities owned by a parent organization. They allow companies to create coverage based on their specific risks, retain underwriting profits, and build surplus.

Luzern Risk works with brokers, fronting carriers, reinsurers, and advisors to support companies looking for greater control over how their risks are financed.

The company serves clients across industries, including mid-market businesses and large publicly traded companies.

How Much Funding Has Luzern Risk Raised?

Luzern Risk has raised $45 million in its latest Series B funding round.

Insight Partners led the round, with participation from Trust Ventures and existing investor Caffeinated Capital.

The source does not provide details of Luzern Risk's previous funding rounds or total funding raised before this round.

Who Invested in Luzern Risk’s Series B?

Insight Partners led Luzern Risk’s $45 million Series B round.

Trust Ventures also participated, along with existing investor Caffeinated Capital.

Why the Funding Matters

Luzern Risk will use the new funding to accelerate development of its captive insurance platform and expand its AI capabilities.

The company also plans to extend the range of alternative risk solutions available to clients.

Luzern Risk aims to build infrastructure that can be used across the captive insurance ecosystem, including by clients, brokers, carriers, reinsurers, and regulators.

Who founded Luzern Risk?

Luzern Risk was founded in 2023 by Gabriel Weiss, Jonathan York, and Sam Espinosa.

The company is headquartered in New York City.

Market and Business Growth

Around $240 billion in gross premiums are written through captive insurance structures, representing roughly 10% of the global property and casualty insurance market, according to the company.

Luzern Risk says adoption of captive insurance is expanding beyond the Fortune 500 companies that have traditionally used the structure.

The company also says its revenue has grown rapidly year over year as it has expanded its alternative risk solutions.

What Happens Next?

Luzern Risk plans further to develop its captive insurance platform and AI capabilities.

The company also aims to make it easier for brokers to place risk into captives, help carriers and reinsurers underwrite with better information, and support regulators with structured reporting.

“We set out to make captives more accessible to a broader set of the market, and everything we have learned since has strengthened our conviction that captives will play a far bigger role in risk management than they do today,” said Gabriel Weiss, CEO and Co-Founder of Luzern Risk.

“This is a space where technology can have an outsized impact for clients,” said Jonathan York, CTO and Co-Founder of Luzern Risk. “Every process we automate makes a captive more efficient to run while increasing quality, and every capability we add gives owners something they could not get before.

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