Napo raises £12 million

UK-based pet insurance startup Napo has raised £12 million, bringing funding to date to ~$36 million.

The Series B round was led by Mercia Ventures, with participation from existing investors DN Capital, Companion Fund, MTech Capital, Helvetia Venture Fund, and others.

Founded in 2021, the pet insurance startup had £30 million in premiums and 60k covered pets last year. Co-founder and CEO Jean-Philippe Doumeng says that the startup is approaching 100k pets.

“Our approach isn’t about cutting corners or offering cheap policies that don’t cover what matters. By controlling the full value chain, we’ve achieved an NPS of 70+, standout Trustpilot reviews, and a seamless experience for pet parents. We’ve built Napo to offer comprehensive coverage that truly matters – whether it’s dental care, behavioural support, or quick and fair claims handling, ensuring pet parents can focus on what really counts – their pet’s well-being. This funding fuels our mission to revolutionise pet insurance with sustainability and quality at its core.” – , Co-founder and CEO at Napo.

“Napo’s approach is exactly what the pet insurance sector needs – a blend of innovative technology, customer care, and long-term sustainability. We are thrilled to support a company redefining what pet insurance can offer for modern pet owners.” – Martijn Kleibergen, Investment Director at Mercia Ventures.