Pet insurance provider Dalma raises $16M. Dalma competitors are Wagmo, Trupanion, Petplan, Embrace Pet Insurance, and Pets Best Insurance.

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How’s the company performing?

• France-based Dalma offers health insurance for cats and dogs and provides pet owners with veterinary advice.
• The company has generated $6.4M in revenue over the past 12 months.
• It currently provides coverage to more than 20K pets.

Source: Dalma

Why does the market matter?

• The global pet insurance market is expected to reach $32.7B by 2030, at a CAGR of 16.7%, according to Grand View Research.
• The increasing pet population, growing adoption of pet insurance, rising veterinary costs, and the humanization of pets are some of the factors fueling the market’s growth.
• Pet adoption increased amid the Covid-19 pandemic, which has also given this market a boost.