How fast time flies. Just a few weeks ago, on the heels of its announced acquisition by British group Admiral, French insurtech Luko advertised itself through billboards in the Paris metro and felt confident enough to joke about the fact that it once won a Next Unicorn award. Fast forward to this week, and its parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.
What happened in the meantime is a bumpy journey from one offer to the next, until a tribunal pulled the brakes on the rollercoaster ride that cant end soon enough for the 120+ employees whose jobs are on the line. They already know they work for a non-unicorn, but they are now likely very keen to know whether their nex…
Read the full article at: https://techcrunch.com/2023/11/22/luko-allianz-buyer/