Paris pet insurer Dalma pulls in €15m

Paris-based pet insurance startup Dalma has raised €15m in a Series A funding round led by Northzone.

According to a report by Sifted, Project A and Anterra joined Northzone. The round also saw participation from Global Founders Capital, alongside Frst and Kima Ventures, as well as angels such as Sam Edelson (ex-director of product management at Airbnb), Olivier Bonnet (CTO of ridesharing company Blablacar) and Julien Gigoi (chief actuary of InsurTech Luko).

Dalm` is a tech-enabled pet insurance provider looking to reinvent pet insurance. The company will use the funding to launch an app that will aggregate new services beyond insurance, including unlimited video calls, direct payment to vets and an ecommerce section selling pet goods.

The round brings total investment into the one-year old company to €17m. Dalma says it has generated €6m in revenue from 20k customers in just 12 months.

Following a surge in pet ownership during the pandemic, funding volumes for pet insurance companies are strong in Europe, particularly in France and the UK.

SanteVet, a French pet insurance intermediary, closed a €160m funding round from Columna Capital earlier this year.

Sweden-based pet insurance platform Lassie collected €11m in Series A funding, led by Felix Capital.

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