As pet owners turn to mobile insurance apps, Lassie raises $25M Series B led by Balderton

Lassie has now raised €23 million in Series B funding led by Balderton Capital. Previous investors including Felix Capital, Inventure, Passion Capital and Philian (H&M chair Karl-Johan Persson) also participated in the round. That means Lassie has now raised a total of €36.5 million.

The funding will be used to develop Lassie’s team and products, such as its in-app sale of health products for pets, and expand beyond its core bases of Germany and Sweden. The app features online courses, and other information on preventative health for pets. Owners who complete the courses receive rewards every insurance year, from lower premiums to loyalty points for its online store.