SanteVet, a French pet insurance intermediary, has closed a $171m funding round from Columna Capital.
According to a report by Coverager, the company will use the capital to expand to Italy, the Netherlands, Portugal, and Austria, as well as accelerate growth in France, Belgium, Spain, and Germany.
Founded in 2003, SantéVet is a specialist animal health insurance, with a turnover of €20m and an ISO 9001 certification.
The round was led by Columna Capital which has been a majority owner in the company since 2017
The pet insurer has said that it wants to become “the undisputed leader in the European animal health insurance market with more than one million insured animals” by 2026. To do this, it will invest in the development of its digital platform, strengthen its technology solutions and create 500 new jobs around the world. It currently has 300 employees and aims to reach 300,000 active policies by the end of the year.
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