What does Luzern Risk do?
Luzern Risk, formerly known as XN Captive, is a NYC-based provider of a digital captive insurance platform designed specifically for the mid-market. The platform combines deep insurance expertise with modern technology to help businesses evaluate, form, and manage captives, giving them greater control over their insurance strategies.
How much did they raise?
The company raised $12M in Series A funding, with Caffeinated Capital leading the round. This investment underscores strong market confidence in Luzern Risk’s innovative approach to streamlining the captive insurance lifecycle for both new and existing clientele.
What are their plans for the money?
Luzern Risk intends to use the funds to expand its operations and broaden its business reach. This capital infusion is expected to accelerate product development and market penetration, potentially transforming how mid-market companies manage their insurance needs.
What have they achieved so far?
Led by CEO Gabriel Weiss and CTO Jonathan York, Luzern Risk has already made significant strides by unifying various aspects of the captive lifecycle into a digital system, offering clarity, ease of use, and sustainable growth for its customers.
