Italian insurtech Mama Insurance has secured a new investment led by Fastweb+Vodafone, with support from Founders Factory. The deal follows an initial investment in 2025 and brings the company’s total funding to more than €2 million across equity, non-dilutive public funding and debt. The financing comprises equity from Fastweb+Vodafone, Founders Factory and Vento, funding awarded through national and regional public programmes, and bank debt.
The investment also extends Mama Insurance’s existing collaboration with Fastweb+Vodafone, focused on research and development, AI capabilities and digital customer experiences.
Mama Insurance is developing an AI-native digital insurance platform aimed at simplifying how consumers find and purchase insurance. The company’s initial focus is home insurance, targeting an Italian market where more than half of households are estimated to have no home insurance despite exposure to risks including fire, flooding and theft.
The platform uses automation and AI to personalise the customer experience and allows users to receive quotes and purchase modular insurance policies entirely online. Mama Insurance says the process can be completed in under two minutes, with policies presented in plain Italian. Underwriting is provided by global insurance group Chubb.
The company distributes its products through its direct digital platform, a network of agents and brokers, and embedded partnerships with consumer brands. It is also developing AI-based distribution capabilities designed to change how customers discover and purchase insurance products.
Home insurance is where we start, but our ambition is to build the platform that protects Italians across every dimension of life and business: from the home to pets, from the family to health, all the way to the use of AI in their own business,
said Leonida Fini Zarri, founder and CEO of Mama Insurance.
With the new capital, Mama Insurance plans to expand into additional personal insurance lines and develop products for Italian SMEs. Its longer-term aim is to offer digital and modular insurance products across a wider range of personal and business needs, working with different underwriters depending on the insurance line.
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