Tuio is a Madrid-based managing general agent (MGA) that offers home, life, and pet insurance through an online platform. Launched in 2021, the company presents a tech-driven customer experience often described as having "Lemonade vibes." Tuio has over 45,000 customers and last year acquired Luko’s book of business in Spain. Management says the startup is already very close to profitability and reports an LTV/CAC ratio between seven and nine times. Founders JoseMaría Lucas, Asís Pardo and Juan García said they plan to use part of that advantage to dedicate an equity tranche to structural investments to improve service.

Total raised

$17M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2024