Fundz

Frank raised €2.9M in funding to improve customer support and enhance its AI platform for insurance brokerages. Backers included Armilar and Start Ventures.

PRIVATEOct 01, 2026

Amount Raised

€2.9 Million

Round Type

Seed

LisbonArtificial IntelligenceMachine Learning

Investors

Start VenturesArmilar

Description

Frank, based in Lisbon, Portugal, raised €2.9M in total funding from investors Armilar and Start Ventures. The company plans to use the funds to enhance customer support for brokers and to fund research and development for product consolidation. Additionally, the capital will assist in preparing for international expansion. Led by CEO António Castro, Frank offers an AI platform that acts as a virtual assistant for insurance brokerages.

Company Information

Company

Frank

Location

Lisbon, Lisbon, Portugal

About

Frank is a provider of an AI platform designed for insurance brokerages. Their AI Operator functions as a virtual assistant, handling administrative tasks such as document processing and data entry. The platform integrates various contact channels and facilitates tasks like commercial quotes and claim status tracking. Frank aims to enhance customer support for brokers and expand internationally.

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Frank raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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