Fastweb+Vodafone backs Italian insurtech Mama Insurance in new funding round

Fastweb+Vodafone, along with Founders Factory, has recently invested in Italian insurtech startup Mama Insurance. This new funding round follows an initial investment made in 2025, bringing the company's total funding to over €2 million through equity, non-dilutive public funds, and debt. The investment also includes funds from national and regional public programs, as well as bank debt.

The money will help Mama Insurance continue its collaboration with Fastweb+Vodafone on research and development, AI capabilities, and digital customer experiences. The startup is developing an AI-native digital insurance platform designed to streamline the process of finding and purchasing insurance for consumers. Initially focusing on home insurance, Mama Insurance aims to serve an Italian market where over half of households are believed to lack adequate coverage despite facing risks such as fire, flooding, and theft.

The platform utilizes automation and AI to personalize the customer experience, enabling users to obtain quotes and purchase modular insurance policies entirely online. The entire process can be completed in under two minutes, with policies presented in plain Italian. Underwriting is handled by global insurance giant Chubb.

Mama Insurance plans to expand its offerings to include more personal insurance lines and products for Italian SMEs. The company's ultimate goal is to provide digital and modular insurance solutions across a broader range of personal and business needs, partnering with different underwriters for each insurance line.