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Foliume raises $1 million in seed funding to scale its AI-powered platform for insurance distribution. The round was led by Pitchdrive and Íope Ventures, with additional support from industry veterans.

Apr 05, 2025•3 months ago

Amount Raised

$1 Million

Round Type

seed

MadridInsurtechInsuranceMachine LearningArtificial Intelligence

Investors

íope VenturesPitchdrive

Description

Madrid-based Foliume has raised $1 million in seed funding to scale its AI-powered platform for insurance distribution. The round was led by Pitchdrive and Íope Ventures, with participation from insurance and tech industry veterans. Founded three years ago, Foliume helps brokers automate repetitive tasks like quote comparison, data entry, and renewals. The funding will support product development and expansion across Europe.

Company Information

Company

Foliume

Location

Madrid, Community Of Madrid, Spain

About

Foliume is a Madrid-based company that provides an AI-powered platform to facilitate insurance distribution. Founded three years ago, it helps brokers automate repetitive tasks such as quote comparison, data entry, and renewals. Its specialized AI assistants enhance speed and accuracy for the insurance industry. The company focuses on improving advisory services over traditional sales methods.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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