ManyPets
Founded Year
2017Stage
Series D | AliveTotal Raised
$477.27MValuation
$0000Last Raised
$350M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-24 points in the past 30 days
About ManyPets
ManyPets is a pet health and wellness company that specializes in providing insurance and wellness plans for dogs and cats. The company offers a range of pet insurance policies that cover emergency treatments, preventive care, and medications, as well as wellness plans that support routine care and preventive health measures. ManyPets primarily serves pet owners looking for comprehensive health coverage for their pets. ManyPets was formerly known as Bought by Many. It was founded in 2017 and is based in London, England.
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ESPs containing ManyPets
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The digital pet insurance providers market consists primarily of insurtech producers (e.g., agents and brokers) that provide pet insurance. Some of these companies are managing general agents and granted delegated authority from carrier partners. The market also includes full-stack insurtechs that underwrite their own pet insurance policies. Digital pet insurance providers may also offer preventat…
ManyPets named as Leader among 15 other companies, including Trupanion, Lemonade, and Pets Best Insurance.
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Research containing ManyPets
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned ManyPets in 1 CB Insights research brief, most recently on Oct 18, 2022.
Expert Collections containing ManyPets
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ManyPets is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Insurtech
4,363 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
13,413 items
Excludes US-based companies
Fintech 100
749 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Insurtech 50
50 items
Report: https://app.cbinsights.com/research/report/top-insurtech-startups-2022/
Silicon Valley Bank's Fintech Network
88 items
We mapped out some of SVB's biggest clients, partnerships, and sectors that it serves using CB Insights’ business relationship data from SVB’s profile to uncover just how important it is to the fintech universe. The list is not exhaustive.
Latest ManyPets News
Aug 22, 2024
Pet insurance startup ManyPets is looking to sell the US licensed carrier it acquired in late 2022 from Munich Re. At the end of last year, management disclosed in a regulatory filing that Many Insurance Company was being strategically evaluated. The carrier did not write insurance business in 2023 and one point of discussion was the timing of beginning to accept new business. In a recent regulatory filing, the parent company of Many Insurance Company has disclosed that it executed a letter of intent and began negotiations to sell the carrier. At the end of 2023, Many Insurance Company held assets totaling $17.9 million. Last year, we covered ManyPets and its decision to pause marketing in the US and exit the Swedish market. The startup’s main business is in the UK and for the year ended March 31, 2023, it reported a £42 million loss. In the US, ManyPets sells pet insurance underwritten by Accredited Surety and Casualty Company and in 2023, Accredited reported $21 million in written premiums produced by ManyPets. The carrier has been requesting significant rate increases in several states, along with shifting the deductible from $250 to $500. In some of the filings, Accredited writes that “it has come to light” that its initial rate filing was based on “outdated data and rates” that no longer accurately reflect the evolving risk landscape for pets’ health. The company also shared that it has become apparent that its current pet insurance rates have inadvertently led to adverse selection, resulting in an imbalance within its policyholder risk pool. “The disproportionate enrollment of high-risk policyholders has driven up claim costs, posing a significant financial risk to our operations,” the company stated. Earlier this year, group CEO and cofounder Steven Mendel decided to leave the company. Share this A really good email covering top news. Leave this field empty if you're human: Related Posts
ManyPets Frequently Asked Questions (FAQ)
When was ManyPets founded?
ManyPets was founded in 2017.
Where is ManyPets's headquarters?
ManyPets's headquarters is located at Unit 1b, London.
What is ManyPets's latest funding round?
ManyPets's latest funding round is Series D.
How much did ManyPets raise?
ManyPets raised a total of $477.27M.
Who are the investors of ManyPets?
Investors of ManyPets include Munich Re Ventures, Octopus Ventures, CommerzVentures, FTV Capital, EQT and 7 more.
Who are ManyPets's competitors?
Competitors of ManyPets include Spot Pet Insurance and 5 more.
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Compare ManyPets to Competitors
VPI Pet Insurance is a company that specializes in pet insurance within the financial services industry. The company offers insurance plans that cover wellness, illness, and emergency care for pets, allowing pet owners to receive reimbursements for eligible veterinary costs. The company primarily serves pet owners. It is based in Brea, California.
Pets Plus Us is a company that focuses on pet insurance and wellness plans, operating within the insurance industry. The company offers a range of insurance options for pets, covering various veterinary services such as accident and illness coverage, preventive care, and alternative therapies. They also provide educational resources and materials to help pet owners make informed decisions about their pets’ healthcare. It is based in Oakville, Ontario.
AKC Pet Healthcare specializes in providing pet insurance for dogs and cats across various breeds and ages. The company offers a range of insurance plans that cover accidents, illnesses, and wellness needs, as well as specific options for breeders. AKC Pet Healthcare primarily serves pet owners looking for comprehensive insurance solutions for their pets. It is based in Glen Allen, Virginia.
Fetch focuses on pet wellness, specifically in the pet insurance industry. The company offers comprehensive pet insurance coverage for cats and dogs, which includes coverage for injuries, illnesses, prescription medications, emergency vet visits, surgeries, and more. The company primarily serves pet owners. Fetch by The Dodo was formerly known as Petplan. It was founded in 2003 and is based in Newtown Square, Pennsylvania.
Cooper Pet Care operates as a company focused on providing pet health solutions within the pet care industry. It offers a platform for comparing and purchasing pet insurance, as well as providing access to online veterinary consultations and a symptom checker tool for pets. The company primarily serves pet owners looking for health-related services and insurance coverage for their pets. It was founded in 2021 and is based in Amsterdam, Netherlands.
Dalma is a digital pet insurance provider in the health insurance sector. The company offers insurance services for cats and dogs, covering veterinary costs with a no deductible policy and processing refunds. Dalma primarily serves pet owners looking for comprehensive health coverage for their pets. It was founded in 2021 and is based in Fresnes, France.
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