Pet insurance company Dalma has raised a €20 million Series B funding round led by Breega, bringing its funding to over €50 million.
Founded in 2021, Dalma offers a fast and seamless insurance experience: in just two clicks, customers can customise their coverage. Through its AI-embedded app, it can analyse and reimburse claims instantly, while the industry norm typically takes several days.
Its app also allows pet parents to connect 24/7 with veterinarians via chat and video calls while also providing educational programs designed in collaboration with animal welfare experts.
According to Alban de Préville, co-founder of Dalma:
“Dalma’s added value rests on two essential pillars: a more efficient insurance model than its competitors and an exceptional customer experience.
Our vision goes beyond traditional insurance: we aim to transform the way pet parents care for their companions.”
With 700 per cent growth since its Series A and profitability already achieved in France, Dalma has established itself as a key player in the pet insurance industry.
This round is supported by its existing investors, Northzone and Anterra Capital, alongside Bpifrance's Digital Venture 3 fund and Breega, both of which are joining the company's capital.
“Dalma is capturing a unique market timing and dynamics, combining a societal wave in favour of animal welfare with inflationary pressure in the broader veterinary sector. Their natural response: an insurance and prevention product for pets, which has already convinced nearly 60,000 owners. Breega is very happy to join this adventure alongside Alban and Raphaël," said Benjamin Deplus, Partner at Breega.
"In just a few years, Dalma has successfully created the most transparent and high-performing insurance product on the market, combined with a strong brand that has already become a must-have for pet owners. We are confident that this unique combination will enable Dalma to establish itself as the European leader in the sector," says Claire Castel, Investment Director at Bpifrance Digital Venture.
With this new funding round, Dalma is planning to broaden its offering to include the introduction of a direct payment system for policyholders and the launch of an e-shop featuring a curated selection of top health and wellness products for pets.
Lead image: Dalma. Photo: uncredited.
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