FIGO Pet Insurance Picks Up Series B

HCS Capital Partners a Miami based Private Equity and operating firm, announced it has completed a $4M investment in FIGO Pet Insurance. This round brings Figo’s total funding to date to $12M.

FIGO is a Chicago-based pet insurance provider founded in 2015. It utilizes a mobile-friendly Pet Cloud that allows consumers to socially engage with fellow pet owners, find grooming and boarding locations, and discover other services within the pet ecosystem.

“Capitalizing on our current momentum, this investment and partnership will empower us to grow our business and continue to innovate our plans and technology” – FIGO CEO Rusty Sproat .

“We were very impressed by FIGO’s achievements, their vision and their ability to transform a low-touch low-tech product like pet insurance into a high tech ecosystem, with a superb digital experience. We are very excited about this investment and are convinced that the partnership with FIGO will allow us to support them in becoming the first fully digital and truly global Pet Insurance firm” – HCS Capital CEO, Alex Horvitz.