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Grace raises €5.9M seed to offer insurance to luxury goods

  • Grace, an insurance company for luxury goods, raised a €5.9M seed round led by FinTech Collective and Speedinvest.
  • Grace works with luxury brands to protect purchased consumer goods, offering fraud detection, claim processing, and logistic coordination.
  • The company addresses the gap between luxury brands' promised service levels and post-purchase protection for when something goes wrong.
  • The funding will be used to scale across Europe, hire more people in product engineering, and cover over 200,000 luxury items by year-end.

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