What does Grace do?
Grace is a Paris-based fintech that empowers luxury brands to offer their clients automated protection against theft and loss. Its AI-powered platform simplifies the reporting and management of claims, enhancing the customer experience and fostering brand loyalty.
How much did they raise?
The company raised €5.9M in a Seed funding round led by FinTech Collective and Speedinvest, with participation from Firstminute Capital, Kima Ventures, Bpifrance, and individual investors like Laurent Ritter, Didier Valet, Eric Mignot, Maxime Brousse, Josef Bovet, Martin Hartley, and Thomas Clozel.
What are their plans for the money?
Grace intends to use the funds to accelerate the development of its proprietary technology, strengthen operational capabilities, support international expansion, and recruit additional talent, which could significantly boost its ability to serve luxury clients globally.
What have they achieved so far?
The company has already established key partnerships with leading luxury Maisons and global insurer Chubb, and it aims to protect over 200,000 luxury items by the end of 2025, marking significant progress in its mission.
