Dalma Raises €20M to Expand Innovations in Pet Insurance
Deal News | Mar 17, 2025 | Northzone Ventures
Pet insurance provider Dalma has raised a €20 million Series B funding round led by Breega, with participation from Northzone Ventures, Anterra Capital, and Bpifrance's Digital Venture 3 fund. Dalma, founded in 2021, aims to offer a seamless insurance experience through its AI-integrated app, which allows for rapid claims processing, 24/7 virtual veterinary consultations, and educational programs developed with animal welfare experts. Since its Series A funding, Dalma has achieved 700 percent growth and profitability in France, establishing itself as a significant player in the pet insurance market. With the new investment, Dalma intends to introduce a direct payment system for policyholders and launch an e-shop for health and wellness products for pets, positioning itself for leadership in the European market.
Sectors
- Insurance
- Technology
- Venture Capital
- Pet Care
Geography
- France – Dalma has achieved profitability and significant growth within the French market, serving as its primary operational base.
- Europe – Dalma's strategic goals include becoming a leading figure in the European pet insurance market.
Industry
- Insurance – The article focuses on Dalma's advancements and growth in the pet insurance sector, highlighting its innovative approach to coverage and customer experience.
- Technology – Dalma's use of an AI-embedded app for processing claims and providing veterinary consultations underscores the role of technology in its business model.
- Venture Capital – The article discusses a significant investment round led by Breega, with contributions from Northzone and others, emphasizing the involvement of venture capital in scaling Dalma's operations.
- Pet Care – Dalma expands beyond insurance into broader pet care offerings, aiming to enhance overall pet well-being with an e-shop for health products.
Financials
- €20 million – Series B funding amount raised by Dalma led by Breega.
- Over €50 million – Total funding secured by Dalma to date, including the recent Series B round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dalma | Target Company | Company | Pet insurance company seeking to enhance pet care through AI-driven solutions and expand its offerings. |
| Breega | Lead Investor | Company | Venture capital firm leading the Series B funding round for Dalma. |
| Northzone Ventures | Existing Investor | Company | Venture capital firm that previously invested in Dalma and continues to support its growth. |
| Anterra Capital | Existing Investor | Company | Investment firm backing Dalma's innovation in the pet insurance sector. |
| Bpifrance Digital Venture | New Investor | Company | Venture fund joining the latest investment round to support Dalma's expansion. |
| Alban de Prville | Co-founder | Person | One of Dalma's co-founders, emphasizing the company's vision and market strategy. |
| Benjamin Deplus | Partner at Breega | Person | Partner at Breega expressing enthusiasm for Dalma's business model and market potential. |
| Claire Castel | Investment Director at Bpifrance Digital Venture | Person | Director overseeing investments that expressed confidence in Dalma's market leadership potential. |