Bought By Many, a London, UK-based pet insurance provider, raised USD 350m in Series D funding.
The round, which gives the company a pre-money valuation of over USD 2 billion, was led by EQT Growth. Following the investment, Carolina Brochado, Partner in EQT Growth’s advisory team, will join Bought by Many’s Board.
The company intends to use the funds to accelerate expansion into new geographies and invest in product innovation.
Established in 2012 by CEO Steven Mendel and CTO Guy Farley, Bought By Many is a digital-first provider of pet insurance across the UK, Sweden and the US. The company offers pet health insurance and preventive wellness services, delivered through subscription-driven technology and a human connection. Launched exclusively into pet insurance in 2017, Bought By Many now covers almost half a million pets globally, including in the US, where it launched earlier in 2021.