Big news from the Foliume team: we’ve raised a USD 1 million round to take insurance distribution to the next level with AI automation! 💥

This round is led by Pitchdrive, a top early-stage VC fund from Belgium, and Íope Ventures, Telefónica Insurance and Wayra's investment vehicle  to invest in InsurTech startups. We’re also proud to count on the backing of seasoned leaders in insurance distribution and technology.

"The investment in Foliume is part of our commitment to driving digitalization and innovation in the insurance sector. Through this partnership, we not only support the industry's digital transformation, but also provide insurance professionals with tools that enhance their productivity and effectiveness.”

—Augusto Pérez Arbizu, Corporate Director of Risk and Insurance at Telefónica

Why now?

When we started Foliume three years ago, we saw the same thing everywhere: insurance distribution drowning in manual, repetitive tasks. Since then, we’ve listened, learned, and built a platform dedicated to solving the day-to-day pains of brokers:

• Comparing quotes manually
• Typing the same data over and over
• Chasing down renewals
• Long response times that slow everything down

Our mission has always been clear: free up broker teams from busywork, so they can focus on what really matters: advising clients, closing deals, and growing relationships.

“We backed Foliume because they’re solving a real and urgent problem in the insurance industry. The team has built an innovative SaaS platform that helps brokers modernize their operations, drive efficiency, and unlock new revenue streams. Their rapid growth, strong customer engagement, and clear expansion roadmap showed us a business with both momentum and long-term potential. It’s exactly the kind of B2B SaaS company we love to support at Pitchdrive.”

— Koen Christiaens, Founder and Managing Partner at Pitchdrive

AI tailored for insurance, not a generic chatbot

We’re not building a one-size-fits-all model. Foliume’s AI assistants are finely tuned for the insurance world. They understand underwriting rules, coverage terms, and how brokers actually work.

This means faster implementation, better performance, and zero time wasted on retraining general models.

“We deliberately chose to tailor our AI to insurance, because off-the-shelf AI often misses the nuance of industry-specific tasks. By honing in on insurance use cases, we deliver more precise and reliable automation that brokers and agents can trust day-to-day.”

- Martín Fagioli, CEO of Foliume.

What’s next?

This investment is a huge milestone: it validates our vision for the future of insurance distribution. We’re now doubling down on:

• Evolving our AI engine
• Shipping features our clients have asked for
• Expanding across Europe with the right partners

We’re just getting started, and we couldn’t be more excited.

Let’s go!