FRANK has raised €2.9 million in a funding round led by Armilar and Start Ventures to develop its AI-powered platform for insurance brokers.
PRIVATEOct 01, 2026
Amount Raised
€2.9 Million
Round Type
Seed
GermanyFinancial ServicesSoftwareEducationPrivacy And Security
Investors
Start VenturesArmilar
Description
Portuguese insurtech FRANK raised €2.9 million to enhance its AI-powered platform aimed at reducing paperwork for insurance brokers. The funding round was led by Armilar and Start Ventures. FRANK's technology aims to ease the operational workload of brokers, allowing them to focus more on client interaction. The funds will be used to strengthen client support and invest in research.
Company Information
Company
Frank
Location
Germany
About
Frank was founded in 2017 by then 24-year-old female founder Charlie Javice to make college more affordable for millions of Americans and help them achieve financial wellness in their lives. More than five million students have benefited from Frank’s services on their path to higher education. The Frank platform includes an easy to navigate FAFSA® application form, ClassFinder marketplace for shopping for online courses, and resources to help students navigate a variety of financial situations. Investors included: Chegg (NYSE: CHGG); Aleph, the U.S.-Israeli investment fund that also funded Lemonade; Silicon Valley Bank; and Marc Rowan, the co-founder and CEO of Apollo Global Management, one of the largest private equity firms in the world.
Fundz sees it the moment Frank raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
GermanyFinancial ServicesSoftwareEducationPrivacy And Security