Home Apple As pet homeowners flip to cell insurance coverage apps, Lassie raises $25M Collection B led by Balderton

As pet homeowners flip to cell insurance coverage apps, Lassie raises $25M Collection B led by Balderton

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As pet homeowners flip to cell insurance coverage apps, Lassie raises $25M Collection B led by Balderton

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We final wrote about Lassie, a pet well being app and insurance coverage supplier, when it closed an €11 million Collection A spherical in 2022. It’s progress had been spurred by the growth in pet possession through the pandemic (almost half of all European households now personal a pet, and and homeowners spend €23.5 billion on them yearly) and when pet homeowners turned to cell apps to keep up their pet’s well being. This turned out to be a giant driver of pet insurance coverage corporations corresponding to ManyPets (UK) and Dalma (France).

Lassie has now raised €23 million in a Collection B funding led by Balderton Capital. Earlier buyers together with Felix Capital, Inventure, Ardour Capital and Philian (H&M Chair Karl-John Persson) additionally participated within the spherical. Meaning Lassie has now raised a complete of €36.5 million.

The funding will likely be used to develop Lassie’s group and merchandise corresponding to its in-app sale of well being merchandise for pets, and broaden past its core bases of Germany and Sweden. The app options on-line programs, and different info on preventative well being for pets. Homeowners who full the programs obtain rewards each insurance coverage 12 months, from decrease premiums to loyalty factors for its on-line retailer.

Lassie co-founder and CEO Hedda Båverud Olsson was partly impressed by rising up with a veterinarian mother or father. She was joined by insurance coverage professional, Sophie Wilkinson (a former head of pet insurance coverage at a Nordic insurance coverage firm), and expertise lead, Johan Jönsson (previously of Spotify and King).

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