💨 Abstract

Grace, a startup offering insurance for luxury goods, announced a $6.4 million seed round led by FinTechCollective and Speedinvest. The app, designed to protect luxury goods from theft or damage, also provides fraud detection, claim processing, and logistic coordination for brands. The company is working with at least one major luxury brand in Europe but declined to share the name.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖