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Napo has raised £12m in a Series B funding round led by Mercia Ventures, with participation from DN Capital, Companion Fund, MTech Capital, and Helvetia Venture Fund. Founded by Jean-Philippe Doumeng and Ludovic Lacay in 2021, the company is building an AI-driven pet insurance platform that integrates comprehensive lifetime coverage, dental care, and 24/7 vet access.
The London-based insurtech leverages automation to streamline claims handling and offers behavioural consultations, preventive care, and discounts for multi-pet policies. The latest funding will strengthen its AI capabilities, support geographic expansion, and scale its team as it continues to grow market share.
This investment brings Napo’s total funding to approximately £30m, reinforcing its mission to modernise pet insurance with a digital-first, customer-centric approach.
