Tuio is a Madrid-based, 100% digital insurtech (operating as an MGA regulated by Spain's Dirección General de Seguros) that sells home, life, car and pet insurance online, with policies contracted in about a minute from a mobile and no fine print or lock-in. Founded in 2020-2021 by Juan García, Josemaría Lucas and Asís Pardo, it is B Corp certified and charges a fixed management fee, directing the remainder to claims and social causes. It raised €15M (~$16.7M) in equity and debt in September 2024 led by MassMutual Ventures with BlackRock joining, and management said at the time the company was close to profitability.
SectorsInsurtech, Fintech, Consumer, Digital Insurance
Start-up MapInsurtech › D2C insurance products
Founders
A
Asís Pardo Martín
Co-Founder
J
Josemaría Lucas
Co-Founder
J
Juan García
Co-Founder & CEO
Global models 5
Wwefox
Germany · www.wefox.com ↗
European digital insurer that started as an MGA and sells home, liability, car and life policies online.
$1.5BComparable
HHippo
United States · www.hippo.com ↗
Digital home insurer that began as an MGA, selling homeowners policies online in minutes; the same direct digital home-insurance model.
$709MComparable
RRoot Insurance
United States · www.joinroot.com ↗
Mobile-first insurer selling car (and renters) cover in an app in minutes, direct to consumers.
$527MComparable
LLemonade
United States · www.lemonade.com ↗
The closest match: an app-based B Corp insurer for home, renters, car, pet and life that keeps a flat fee and gives unclaimed premiums to charity, which is Tuio's model.
$480MComparable
GGetsafe
Germany · www.hellogetsafe.com ↗
Digital insurer for Europe that began as an MGA, selling contents, liability, pet and car cover by mobile app, cancellable monthly and aimed at young consumers.
$110MComparable
In the same niche 5 others
See all in the Start-ups Map →
Notes: Most funded first
Investors 10
Open as list →B
BlackRock
www.blackrock.com
EExtension Fund
extensionfund.com
7
7R Ventures
www.7r.ventures
BBewater Funds
bewaterfunds.com
C
Cabiedes & Partners
cabiedesandpartners.com
K
Kalonia Venture Partners
kalonia.vc
MMassMutual Ventures
OOtium Capital
B
BAMCAP Ventures
CCapital Certainty
Funding rounds 3
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2024-09-19 | Series A (estimated) | €15M incl. debt: equity and debt, the split was not disclosed |
MassMutual Ventures, BlackRock
+2 more
|
| 2022-09-26 | Seed (estimated) | €3M |
Otium Capital
+3 more
|
| 2021-10-20 | Seed | €450K |
Lead not disclosed
+4 more
|
News 2
Open as list →| Published | Article |
|---|---|
| 2026-08-31 |
Dealflow #524: HappyRobot raised $150M. Marosa acquired for €112M. Bootstrapped zernio gets to $3M ARR in 13 months ↗
Dealflow.es Newsletter
2026-08-31 |
| 2024-09-23 |
Madrid-based Insurtech Tuio Raises $16.7 Million ↗
InsurTech Insights
2024-09-23 |