Luzern Risk raises $45 million

Captive insurance platform Luzern Risk announced a $45 million Series B led by Insight Partners, with participation from Trust Ventures and existing investor Caffeinated Capital, which led the company’s seed round in 2023 and $12 million Series A in 2025.

Founded in 2023, Luzern Risk helps companies design and manage insurance programs.

The company will use the capital to advance the development of its platform and continue to build out its AI capabilities.

“We set out to make captives more accessible to a broader set of the market, and everything we have learned since has strengthened our conviction that captives will play a far bigger role in risk management than they do today. This investment lets us do what we care about most: deliver better outcomes for our clients, at a much greater scale.” – Gabriel Weiss, CEO and Co-Founder of Luzern Risk.

“This is a space where technology can have an outsized impact for clients. Every process we automate makes a captive more efficient to run while increasing quality, and every capability we add gives owners something they could not get before. The feedback we hear from our clients as we co-develop solutions with them gives us confidence we’re onto something that will be great for insurance industry-wide.” – Jonathan York, CTO and Co-Founder of Luzern Risk.

“The captive market is undergoing a structural expansion, moving from a tool reserved for large multinationals into a viable strategy for a much broader universe of companies. Luzern is building the infrastructure layer that makes that expansion possible. We backed this team because we believe they are defining how risk finance gets done, and we’re excited to support them in this next phase of growth.” – Philine Huizing, Managing Director at Insight Partners.