Pawlicy Advisor collects $1m in funding

Pawlicy Advisor, an InsurTech platform for pet insurance, has collected $1m in a funding round, which will be used to build key partnerships.

The round was led by Defy Partners, an early-stage venture capital firm which backs companies in the consumer, enterprise and deep technology industry.

Capital from the round will be used to improve customer support and outreach, expand its distribution and build key partnerships.

Pawlicy helps pet owners get personalized insurance policies for their cats and dogs. There are various different protections a consumer can buy, these span accidents, hereditary and congenital issues, chronic conditions, behavioural issues, illnesses and routine care.

Earlier in the month, fellow pet insurance startup Figo hit a $125m valuation after it closed a $5m investment from Independence American Insurance Company (IAIC). The InsurTech uses AI technology to offer pet owners insurance and other care services to meet their needs.

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