Insight Partners Leads $45M Series B for Luzern Risk
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Luzern Risk has closed a $45 million Series B led by Insight Partners. Trust Ventures joined, along with existing backer Caffeinated Capital, which led the company’s 2023 seed round and its $12 million Series A in 2025.
The New York company is a full-service captive manager specializing in alternative risk solutions. Its AI-native platform is built to cut the time it takes to launch and run bespoke captive insurance programmes at scale.
Captives are regulated insurance entities owned by the parent organization. They turn volatile insurance costs into a strategic asset, letting owners write tailored coverage, keep underwriting profit, and build surplus. Roughly $240 billion in gross premium flows through captives globally, about a tenth of the worldwide property and casualty market.
What has changed is who uses them. Captives were traditionally a Fortune 500 tool, and Luzern says uptake is now spreading well beyond that group as commercial insurance grows more expensive and less predictable, pushing organizations to take more control over how they finance their exposures.
The company works with brokers, fronting carriers, reinsurers, and advisors, and its client base spans mid-market businesses through large publicly listed companies across multiple industries. Revenue has climbed quickly year on year as demand has grown.
Gabriel Weiss is CEO and co-founder. Jonathan York is CTO and co-founder.
The new capital goes to three priorities: continued development of the platform and its AI capabilities for more efficient captive administration and sharper risk insights, standardizing operations across the business to cut turnaround times on complex specialized work, and giving clients more choice across the alternative risk value chain.
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