Trupanion, a Vancouver, Canada-based provider of pet insurance to pet owners in the United States, Canada, and Puerto Rico, has raised $9m in equity funding.
Backers include the Highland Consumer Fund and Maveron.
The company, has raised more than $38 million in capital to date, intends to use the funds to expand its sales, customer service and claims administration capability.
Founded in Canada in 1999 by CEO Darryl Rawlings, and also led by COO Howard Rubin and Senior Vice President Dr. Kerri Marshall, Trupanion offers a product that covers 90% of the actual costs of veterinary care if a pet becomes sick or injured, with no payout limits per year, per claim, or over the lifetime of the pet. It offers coverage for the hereditary issues associated with purebred cats and dogs.
In 2008, the company expanded into the United States marketplace opening an U.S. office in Seattle. It is recognized by the American Animal Hospital Association.
Trupanion currently employs 120 people in Seattle and Vancouver and an additional 70 individuals across North America who support local veterinarians.
FinSMEs
14/12/2011