Luzern Risk Raises $45 Million To Scale AI Captive Insurance Network
CEOs who run a mid size company are often left with a commercial insurance bill that feels out of control. Premiums go up every year, coverage keeps shrinking, and they The post Luzern Risk Raises $45 Million To Scale AI Captive Insurance Network appeared first on Ventureburn .
Luzern Risk, a New York-based company, has completed a $45 million Series B funding round to bring captive insurance to a larger range of businesses. The round was led by Insight Partners, with Trust Ventures and existing investor Caffeinated Capital also participating. Caffeinated Capital led Luzern's seed round in 2023 and its $12M Series A in 2025, making this their third investment in the company.
Founded in 2023 by Gabriel Weiss and Jonathan York, the team blends captive management expertise with modern software skills. Luzern describes itself as a full-service captive manager, offering a digital platform handling the entire lifecycle of a captive. The platform evaluates a company's insurance spend, loss history, and risk profile to determine if a captive makes financial sense, creates the captive entity, and manages ongoing operations.
The $45 million investment will be used to improve the AI-native technology platform, strengthen operations, and expand options for alternative risk transfer.
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