Foliume builds an AI assistant and platform that automates manual insurance-distribution processes such as quote generation, policy renewals, data entry, and customer communications by processing unstructured data (emails, PDFs). The company focuses on reducing time-consuming tasks in insurance operations through machine learning and automation. Founded in 2022 by Martín Fagioli and Guillermo Vergara, Foliume operates from Madrid with a development hub in Montevideo, Uruguay. It currently serves clients in Spain, Germany, and Portugal and plans accelerated expansion across Europe. Financially, Foliume has raised $1.0M and will use proceeds to consolidate its European operations, expand its sales team in Madrid, and grow its engineering hub in Uruguay. The product roadmap and go-to-market emphasize scaling sales presence and engineering capacity to support wider European growth.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2025