FundedIQ
Communications Infrastructure

Fruga: Funding, Investors & Team (Oct 2026)

Fruga is a insurance technology company focused on helping insurers understand customer needs through open banking.

fruga.co.uk LinkedIn London, United Kingdom 1-10 employees Founded 2024
Total raised
$1.3M
Rounds
1
Latest
Seed
Oct 2026

Fruga has raised $1.3M across 1 funding round on record, the most recent a Seed of $1.3M announced in Oct 2026.

That round is below the $4.1M median round size for United Kingdom companies tracked on FundedIQ over the last two years.

Fruga Company Profile and Key Stats

Total funding raised
$1.3M
across 1 round on record
Funding rounds on record
1
Latest funding round
Seed
$1.3M in Oct 2026
Employees
1-10
reported band
Founded
2024
Headquarters
London, United Kingdom
Investors on record
2
2 named below

Latest funding round on record: Oct 2026.

Fruga Funding Rounds

Date
Round
Amount
Seed
$1.3M

Fruga Investors

Haatch PXN Ventures

Fruga Founders and Leadership Team

Name
Role
Contact
Ross McCarthy
Founder
Locked

Contact details for the Fruga team: 1 of 1 has an email address on file, 1 has a LinkedIn profile.

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Fruga Funding in Context

Segment
Companies
Median round
5,368
$4.1M
17,153
$3.1M

Fruga's latest round of $1.3M is below the median round in United Kingdom. Medians cover the last 24 months of disclosed rounds.

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Fruga Funding FAQs

What does Fruga do?

Fruga is a insurance technology company focused on helping insurers understand customer needs through open banking.

How much funding has Fruga raised?

Fruga has raised $1.3M across 1 round on record. The most recent is a Seed of $1.3M announced in Oct 2026.

When did Fruga last raise funding?

Fruga's most recent funding round on record is a Seed of $1.3M, announced in Oct 2026.

Who has invested in Fruga?

Investors on record for Fruga include Haatch, PXN Ventures.

Who founded Fruga?

FundedIQ lists Ross McCarthy (Founder) at Fruga.

Where is Fruga headquartered?

Fruga is based in London, United Kingdom.

How many employees does Fruga have?

Fruga is in the 1-10 employee band.

When was Fruga founded?

Fruga was founded in 2024.

About FundedIQ's Fruga Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Fruga is left off this page rather than filled in.

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