How much did FRANK raise?

FRANK raised €2.9M at Seed, announced 1 October 2026.

António Castro is CEO & Co-founder of FRANK.

FRANK operates in FinTech and is based in Portugal.

FRANK raises €2.9M

FRANK announced a Seed round of €2.9M on 1 October 2026. The company operates in FinTech and is based in Portugal. It was founded by António Castro, CEO & Co-founder. Announced yesterday.

Raised

€2.9M

Stage

Seed

Industry

FinTech

Country

Portugal

Founder

António Castro

CEO & Co-founder, FRANK

frankinsurance.ai

Outreach angles

-António Castro was previously CFO at Lovys, a Paris-based online insurer that raised a €17M Series A in 2021.
-He founded FRANK in December 2024 with Ricardo Vallejo and Alexandre Silva, saying you regret not entering at the right time as AI evolves.
-FRANK raised a €2.9M seed led by Armilar and Start Ventures after reaching 350+ brokerages and 70,000 back-office tasks a month, and plans 2027 international expansion.