Failed 2022
Coya
Berlin Thiel-backed digital insurer Coya raised $70M+ and was sold to Luko in 2022 at a steep discount, then collapsed entirely with Luko's own insolvency in 2023.
Founded → Closed
2016 → 2022
Funding Raised
$70M
Industry
Insurtech
Country
Germany
Full Analysis
Berlin-based Coya was a digital home-and-pet insurer backed by Peter Thiel's Valar Ventures, raising over $70M. After failing to scale to profitability, Coya was acquired by French neo-insurer Luko in 2022 in an all-share deal at a steep discount. The combined entity then itself entered insolvency in late 2023, wiping out the remaining value of both. A double-failure case study for European insurtech.
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