The grace, an insurance company for valuables, announced on Wednesday a $ 6.4 million (€ 5.9 million) led by Fintech Collective and Expeedinvest.

An insurance company for luxury items, grace works with luxury brands to protect the consumer goods purchased. If an item is stolen or damaged, a consumer can make a claim by grace app. For brand, the grace app also provides deception, processing, and logistic coordination.

The company confirms that it works at least one important brand in Europe, even if it refuses to share the name.

The co-founder and President Lou said he and his companions Quentin Roy, CEO, and Martin Lenweiter, Grace’s Chove, especially when people were out of the abroad.

“There’s a big gap between service levels of luxury brands promised and what happens to buy the post if something goes wrong,” says Dana.

The number of stolen valuables It’s just three years, and it’s done expensive for fashion houses to continue. Grace says it’s already working on Chubb, a leader in the insurance world, to underwrite and secure its services.

But convincing household houses to adopt new technology is not always easier with the tasks to complete. Roy says brands have difficulty controlling what happens to their products after a sale, especially if it is wrong. “We don’t just offer protection,” Roy said about the company’s pitch. “We help raise their brand.”

There are other types of insurance companies for consumer goods, such as zing cover, which also provides specialized insurance for valuable items. Roy said that grace does not compete with only one company, because it stands at the intersection of embedding insurance, luxury service, and post-purchase protection. The Kima, beating, and first capital of all joined the round.

Dana meant that new capital will be used to help scale company across Europe and hiring many people in product engineering. It hopes to cover more than 200,000 luxury items at the end of the year.