# Tuio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tuio

- Industry: Insurance
- Headquarters: Madrid, Spain
- Website: www.tuio.com
- Latest round: Series A (Sep 19, 2024)
- Investors on record: 4

## About

Tuio is a Madrid-based digital insurance firm specializing in innovative home and pet insurance solutions, aiming to enhance accessibility and transparency in the insurance market for consumers.Founded in 2020 in Madrid, Spain, Tuio is a digital insurance provider focusing on home and pet insurance. The company was established by Josemaría Lucas and Juan García. As of September 2024, Tuio raised EUR 3.00 mn during its most recent funding round led by Otium Capital, contributing to a total funding amount of EUR 3.00 mn across four deals.Tuio offers digital insurance products, including customizable home insurance policies starting from EUR 5 per month, addressing gaps in landlord insurance coverage. Additionally, Tuio is preparing to launch pet insurance for dogs and cats, ensuring quick reimbursements for veterinary expenses. The company prioritizes a smooth user experience, enabling rapid online policy management for renters and pet owners.In 2022, Tuio generated a revenue of EUR 125,363.60, while reporting an EBITDA of EUR -866,432.40. Its subscription model allows clients to pay monthly premiums for home insurance starting from EUR 5 per month and pet insurance from EUR 3 per month, facilitating online management and transactions.Following its most recent funding round on September 23, 2024, Tuio plans to enhance its technological infrastructure and develop new insurance products. The company aims to expand its workforce to support growth and plans to internationalize its services. Specific details regarding new market expansions have not yet been disclosed.

## Funding rounds

- Series A, Sep 19, 2024 — BlackRock, MassMutual Ventures, Extension Fund, BAMCAP

## Investors

- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series A
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A
- Extension Fund (https://capitalatlas.ai/funds/extension-fund) — Series A
- BAMCAP (https://capitalatlas.ai/funds/bamcap) — Series A