Pet Health App Lassie Receives €23 Million Investment

Lassie, a pet health app and insurance provider, has received 23 million euros in Series B funding led by Balderton Capital. Lassie has reportedly raised a total of 36.5 million euros so far. In addition to Lassie, other investors in the Series B investment round led by Balderton Capital included Felix Capital, Inventure, Passion Capital and Philian (H&M CEO Karl-Johan Persson). The Sweden-based company stated that with the investment they received, they aim to improve the service they offer and grow beyond their home markets such as Germany and Sweden.

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Lassie Raised €23 Million in Series B Investment Round

Lassie, which has achieved rapid growth thanks to the rise in the number of pet ownership in Europe during the pandemic, continues to invest. The company, which completed a Series A round with 11 million euros last year, announced that they received an investment of 23 million euros this year. It was stated that Lassie has thus far raised 36.5 million euros. Lassie, which describes itself as "the world's first protective pet insurance and companion", started operations in 2021. Headquartered in Sweden, Lassie recorded a great rise during the pandemic period. The reason for this rise was that many people in Europe started to adopt pets during the pandemic.

Lassie aims to show the best conditions for a healthy animal life. In this direction, Lassie, which guides pet owners to protect the health of their pets, offers various services. Pet owners can learn about the factors that affect the risk of their pets getting sick and needing care by taking courses on the mobile app. The app, developed in close co-operation with veterinarians and animal care experts, shares the latest developments in animal care with users. The company also offers digital pet insurance for cat and dog owners. Today, with more than 60,000 customers, Lassie expects to take pet insurance and foster care to a new level with Balderton.