Unkle

Unkle provides innovative insurance solutions designed specifically for landlords and tenants, focusing on protecting rental properties and ensuring financial security in the real estate sector. Founded in 2018 by Luis Villamizar, Matthieu Luneau, and Raphaël Vullierme, Unkle is based in Paris, France. The company has successfully completed three deals, with the latest being a Series A round in March 2022, raising EUR 5. 890 mn.

It was acquired by Luko Cover SAS, which aims to enhance its growth in the insurance and household services sector. Unkle offers specialized insurance products for landlords and tenants in the real estate market, including the Owner Non-Occupant Insurance (PNO). Although the Guarantee for Unpaid Rent (GLI) product has been discontinued, Unkle continues to provide coverage options that protect landlords against financial losses such as unpaid rent and property damage. The PNO insurance is tailored for property owners renting out homes or apartments, ensuring coverage when unoccupied or between tenants.

Their offerings are marketed primarily in the French metropolitan area, with pricing starting at EUR 4. 50 per month for basic coverage. Unkle generates revenue through its insurance products, which follow a structured subscription model. Clients pay premiums monthly or annually based on their chosen coverage options.

The diverse clientele includes landlords and property owners seeking comprehensive protection for their rental properties, with policy pricing and deductibles ranging from EUR 75 to EUR 450, allowing customization to meet individual needs. The direct-to-consumer approach facilitates easy sign-up and online policy management, enhancing customer experience. Following its acquisition on March 17, 2022, by Luko Cover SAS for an undisclosed amount, Unkle aims to leverage this opportunity to accelerate growth in the insurance and household services sector. Future initiatives include the development of new insurance products tailored to the evolving needs of the market and potential expansion into additional geographic regions, although specific markets and dates have not been disclosed.

The latest funding will support these growth strategies, ensuring Unkle reinforces its position within this competitive landscape.