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COINTURK FINANCE > Business > GRACE Secures €5.9M Funding to Support Luxury Asset Protection
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GRACE Secures €5.9M Funding to Support Luxury Asset Protection

Overview

  • GRACE raised €5.9M for luxury asset protection.

  • The solution activates coverage automatically upon purchase.

  • Partnerships support global expansion and efficient claims processing.

COINTURK FINANCE
COINTURK FINANCE 6 months ago
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A Franco-Swiss fintech start-up has attracted investor support to offer built-in coverage for luxury items at no added charge. The funding round, totaling €5.9M, paves the way for expanding protection services for high-end brands and their clientele. Additional analysis reveals that new entrants in the luxury protection market are combining insurance with integrated customer experiences, creating a competitive space that attracts interest from multiple investment funds.

Contents
What drives GRACE’s funding success?How does the solution protect luxury assets?

Various online sources have reported GRACE’s focus on countering rising theft incidents in the luxury sector, noting that previous announcements emphasized the company’s strategic partnerships and innovative use of AI technology for swift claims processing. Recent information corroborates the emphasis on global expansion with a clear plan to back over 200,000 luxury items by the end of 2025, thereby highlighting the company’s commitment to addressing an ongoing market need.

What drives GRACE’s funding success?

Investor confidence stems from clear market challenges, robust team expertise, and proactive responses to the increase in luxury item theft.

Olga Shikhantsova, Partner at Speedinvest, said, “GRACE has identified a significant gap in the luxury market and developed an innovative solution to address it. Lou, Quentin, and Martin’s deep understanding of both the luxury industry and the complexity of insurance is essential as they build a global product from day one.”

These factors, combined with participation from prominent investors such as FinTech Collective, Speedinvest, and Firstminute Capital, enhance the company’s credibility.

How does the solution protect luxury assets?

The offering links automatic protection to luxury purchases, securing items against theft and loss from the moment of sale. The service integrates seamlessly with a brand’s customer journey to maintain security even when items are passed on as gifts. This method leverages an AI-powered system capable of rapid claims processing and fraud detection.

Additional funding details include participation from noted figures like Didier Valet, Eric Mignot, Maxime Brousse, Josef Bovet, Martin Hartley, and Thomas Clozel.

Toby Triebel, Partner at FinTech Collective, stated, “Since our first meeting with Lou, Quentin, and Martin, their creativity, poise, and tenacity have stood out to us – all essential ingredients to become a category-defining partner to luxury goods companies.”

Strategic collaboration with global insurer Chubb provides further operational support.

GRACE’s solution is tailored to address the rising concerns of theft and loss in the luxury market, ensuring smooth integration into established retail processes. The process design offers rapid claims resolution in days, thus reducing customer friction and supporting brand confidence.

The current funding round and the partnerships formed indicate that the company is well-situated to expand its service coverage internationally while deepening data insights for luxury brands. This integrated protection mechanism delivers valuable consumer-facing solutions within a traditionally segmented market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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