The funding will help Dalma offer services beyond insurance. Here are the top-line bullets you need to know.
Dalma, a pet insurance provider, has raised $16M in a Series A. The round drew participation from Northzone Ventures, Project A Ventures, and Global Founders Capital, among others.
How’s the company performing?
- France-based Dalma offers health insurance for cats and dogs and provides pet owners with veterinary advice.
- The company has generated $6.4M in revenue over the past 12 months.
- It currently provides coverage to more than 20K pets.
Source: Dalma
Why does the market matter?
- The global pet insurance market is expected to reach $32.7B by 2030, at a CAGR of 16.7%, according to Grand View Research.
- The increasing pet population, growing adoption of pet insurance, rising veterinary costs, and the humanization of pets are some of the factors fueling the market’s growth.
- Pet adoption increased amid the Covid-19 pandemic, which has also given this market a boost.
