Luzern Risk - Series A, $12M

Luzern Risk just dropped its Series A, $12M led by Caffeinated Capital, and while most folks are still googling “captive insurance,” Gabriel Weiss and Jonathan York are over here building a platform that’s already ten steps ahead of the market it’s quietly redefining.

This isn’t some pivot story. It’s a clarity play. Luzern, formerly XN Captive, didn’t change its name to look cooler. They rebranded because they’ve turned complexity into capability, bringing order to an industry so bloated with legacy that most mid-market companies don’t even realize captives are an option, let alone a strategic weapon. Luzern’s platform doesn’t just streamline captive formation, it compresses what used to take quarters into weeks, blends actuarial depth with AI that actually understands risk, and integrates like it was born in your tech stack.

And this isn’t theory, it’s execution. Luzern is SOC 2 Type II certified. Active in 46 states. 4 patents pending. 300% faster onboarding than traditional firms. The platform features real-time dashboards, automated compliance workflows across 30+ jurisdictions, and Agentic AI that doesn’t hallucinate, it models and optimizes capital like it’s got skin in the game. And guess what? It does. Because Luzern isn't just selling infrastructure. They’re giving mid-market businesses ($10M–$250M premiums) the power to own their own risk. Not rent it.

Gabriel Weiss, once Entrepreneur-in-Residence at Point72 Private Investments, already co-founded and sold Safekeep to CCC Intelligent Solutions. Jonathan York, now CTO, architected claims systems for Uber and Waymo. Rachel Jenkins brings heavyweight platform chops from Aon and Marsh. Sam Espinosa’s work on embedded insurance at Lloyd’s made him a quiet legend in underwriting circles.

The $12M Series A isn’t just fuel. It’s acceleration. Luzern is dialing up product development, stacking their sales and customer success teams, and expanding education initiatives to make captives more than a buzzword. With international expansion on deck (London and Singapore first) and a roadmap that includes no-code interfaces and vertical-specific risk-sharing tools, they’re not just pushing the envelope, they’re designing a whole new delivery system.