Bought By Many, a London, UK-based pet insurance provider, raised £78.4m in growth equity funding.
The investment was led by FTV Capital, with participation from existing investors CommerzVentures, Munich Re Ventures, and Octopus Ventures. In conjunction with the funding, Mike Vostrizansky of FTV Capital, will join Bought By Many’s board.
The company intends to use the funds to continue to expand its business reach in UK and abroad following the launch in Sweden.
Co-founded by Steven Mendel (CEO) and Guy Farley (CTO), Bought By Many provides pet insurance products underwritten by Great Lakes Insurance SE.
Launched in 2017, the company now insures over 200,000 pets and has a team of 154 people across London, Haywards Heath, Birmingham, and Stockholm.