Dalma announced a €20 million Series B funding round led by Breega. This funding round is supported by its existing investors, Northzone and Anterra Capital along with Bpifrance’s Digital Venture 3 fund—dedicated to innovative technology companies in the digital sector—and Breega, a leading investor in the insurance industry, both of which are joining the company’s capital.
With 700% growth since its Series A and profitability already achieved in France, Dalma has established itself as a key player in the pet insurance industry. And Dalma provides a fast and seamless insurance experience: customers can customize their coverage in just two clicks. Through an intuitive app, veterinary expenses are reimbursed at lightning speed. More than just an insurance provider, Dalma allows pet parents to connect 24/7 with veterinarians via chat and video calls, and provides educational programs designed in collaboration with animal welfare experts.
At the heart of its innovation, Dalma utilizes cutting-edge technologies, especially AI to exceed market standards. And Dalma can now analyze and reimburse claims instantly, while the industry norm typically takes several days.
With this new funding round, Dalma is planning to enhance its offering to become the go-to well-being partner for pet parents. New features under consideration 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. These initiatives mark the next step in Dalma’s evolution toward enhanced insurance solutions, which better address the needs of pet parents.
KEY QUOTES:
“This funding opens a decisive new chapter for Dalma in its mission to revolutionize pet welfare across Europe. Our vision goes beyond traditional insurance: we aim to transform the way pet parents care for their companions. This new growth phase will enable us not only to strengthen our presence in France and Germany but also to accelerate our expansion into new European markets.”
“Dalma’s added value rests on two essential pillars: a more efficient insurance model than its competitors and an exceptional customer experience, recognized as one of the best in the market.”
“This new phase allows us to look to the future with ambition and responsibility: building an insurance and service ecosystem that redefines pet welfare in Europe. We carry this mission with passion and determination to better support pet parents in their daily lives.”
– Alban de Préville, co-founder of Dalma
“Dalma is capturing a unique market timing and dynamics, combining a societal wave in favor 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.”
– 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. We are delighted to support Dalma in this new chapter.”
– Claire Castel, Investment Director at Bpifrance Digital Venture
“We are doubling down on Dalma, confident that their innovative blend of technology and deep customer understanding will reshape the European pet care industry.”
– Maarten Goossens, founding partner at Anterra Capital
