About Figo Pet Insurance
Figo Pet Insurance is a company based in Chicago (United States) founded in 2012 was acquired by Iguana Investments in October 2021.. Figo Pet Insurance has raised $21.53 million across 8 funding rounds from investors including Independence American, HCS Capital and Iguana Investments. The company has 138 employees as of December 31, 2021. Figo Pet Insurance offers products and services including Pet Insurance Plan, Pet Cloud App, and Wellness Coverage. Figo Pet Insurance operates in a competitive market with competitors including Wagmo, Embrace Pet Insurance, Petplan Insurance, Fetch by the Dodo and Rainwalk Technology, among others.
- Headquarter Chicago, United States
- Employees 138 as on 31 Dec, 2021
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Figo Pet Insurance Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.53 M (USD)
in 8 rounds
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Latest Funding Round
$5 M (USD), Series C
Dec 10, 2019
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Investors
Independence American
& 2 more
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Employee Count
138
as on Dec 31, 2021
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Acquired by
Iguana Investments
(Oct 19, 2021)
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Products & Services of Figo Pet Insurance
Figo Pet Insurance offers a comprehensive portfolio of products and services, including Pet Insurance Plan, Pet Cloud App, and Wellness Coverage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customizable coverage for pet health and emergencies
App for submitting claims and managing pet insurance
Optional plan for preventative pet care exams
Unlock access to complete
Funding Insights of Figo Pet Insurance
Figo Pet Insurance has successfully raised a total of $21.53M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $5 million completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $5.0M
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First Round
First Round
(26 Mar 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series C - Figo Pet Insurance | Valuation | Independence American |
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| Jan, 2019 | Amount | Series B - Figo Pet Insurance | Valuation |
investors |
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| Jan, 2019 | Amount | Debt – Conventional - Figo Pet Insurance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Figo Pet Insurance
Figo Pet Insurance has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Independence American, HCS Capital and Iguana Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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HCS Capital is engaged in venture capital investments in technology companies.
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Founded Year | Domain | Location | |
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Health and pet insurance services are provided nationwide.
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Founded Year | Domain | Location | |
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Cambridge-based firm offering investment management with quantitative and fundamental analysis services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Figo Pet Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Figo Pet Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Figo Pet Insurance Comparisons
Competitors of Figo Pet Insurance
Figo Pet Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wagmo, Embrace Pet Insurance, Petplan Insurance, Fetch by the Dodo and Rainwalk Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of monthly membership plans for pet insurance and routine care
|
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| domain | founded_year | HQ Location |
Pet insurance solutions are offered online for dogs and cats.
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| domain | founded_year | HQ Location |
Pet insurance provider
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| domain | founded_year | HQ Location |
Provider of pet insurance for cats & dogs
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| domain | founded_year | HQ Location |
Online platform offering insurance plans for pets
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Figo Pet Insurance
Frequently Asked Questions about Figo Pet Insurance
When was Figo Pet Insurance founded?
Figo Pet Insurance was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Figo Pet Insurance located?
Figo Pet Insurance is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Figo Pet Insurance a funded company?
Figo Pet Insurance is a funded company, having raised a total of $21.53M across 8 funding rounds to date. The company's 1st funding round was a Series B of $1.5M, raised on Mar 26, 2014.
How many employees does Figo Pet Insurance have?
As of Dec 31, 2021, the latest employee count at Figo Pet Insurance is 138.
What does Figo Pet Insurance do?
Figo provides technology products and insurance services for the pet industry.It uses Pet Cloud technology and provides healthcare plans. User can upload claims and share vital records, certificates via mobile device. Additionally, Pet Cloud offers a location finder alerting owners to pet-friendly services like parks, restaurants, veterinarians, pet hotels etc. Also, Figo Pet Tag helps in reconnecting with pet faster if they ever get lost. Figo Pet insurance policies are underwritten by Markel American Insurance Company.
Who are the top competitors of Figo Pet Insurance?
Figo Pet Insurance's top competitors include Wagmo, Embrace Pet Insurance and Fetch by the Dodo.
What products or services does Figo Pet Insurance offer?
Figo Pet Insurance offers Pet Insurance Plan, Pet Cloud App, and Wellness Coverage.
Who are Figo Pet Insurance's investors?
Figo Pet Insurance has 3 investors. Key investors include Independence American, HCS Capital, and Iguana Investments.