Paris-based fintech startup Grâce, focusing on the protection of luxury goods, has secured €5.9 million in funding led by FinTech Collective and Speedinvest. The fresh capital will enable the startup to accelerate the development of its proprietary technology.
- Grâce, founded in 2022 by Lou Dana, Quentin Roy, and Martin Lenweiter, offers a simple and efficient solution for luxury brands to protect their products from theft and damage, without any additional cost to customers.
- Its API-integrated platform streamlines the claims process, enabling customers to quickly report incidents and allowing brands to resolve claims swiftly, ensuring both satisfaction and loyalty.
- The firm enables luxury brands to offer compliance-free, cross-channel, and cross-geographical coverage, redefining luxury goods protection with advanced technology and exceptional service.
Details of the deal
- The fresh funding was led by FinTech Collective, a New York-based VC, and Speedinvest, a Vienna-based venture capital firm that manages over €1 billion in assets.
"Grâce has identified a significant gap in the luxury market and developed an innovative solution to address it. We’re beyond excited to support Grâce as they redefine luxury ownership and protection while setting a new standard of care between luxury brands and their clients," Partner at Speedinvest, Olga Shikhantsova, commented.
- The round saw participation from Firstminute Capital, Kima Ventures, Bpifrance, and business angels including Laurent Ritter, Didier Valet, Eric Mignot, Maxime Brousse, Josef Bovet, Martin Hartley, and Thomas Clozel.
- The startup will use the fresh funding to accelerate the development of its proprietary technology, improve operational capabilities, expand internationally, and recruit talent to support its growth.
