UK-based pet insurance startup Napo yesterday announced raising £15 million in a series A funding led by DN Capital, and backed by the pet care-focused Companion Fund.
Founded in 2021, Napo’s insurtech platform offers pet owners policy quotes in minutes. Typically a £75 flat fee is payable when an animal requires treatment; Napo claims the rest of the cost is usually covered, up to its £16,000 threshold.
Napo also offers 24/7 online video consultations provided by its internal vets, as well as offering dental coverage, money to help find missing pets, and third-party liability cover. Napo also offers pet health prevention information, pet ownership education, and additional services.
Napo claims to have insured over 35,000 pets in the year since its launch last December. It offers access to 24/7 online vet consultations, obesity awareness resources, and access to expert-led live classes to help puppy train their dogs.
The funding round was led by DN Capital and the Companion Fund, others include L.A-London insurtech VC MTech Capital and Munich-based early-stage VC Picus Capital.
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