Petplan Insurance

Newtown Square, United States Founded: 2003 • Age: 23 yrs Acquired By Warburg Pincus
Pet insurance provider
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About Petplan Insurance

Petplan Insurance is a company based in Newtown Square (United States) founded in 2003 was acquired by Warburg Pincus in October 2019.. Petplan Insurance has raised $1.6 million across 1 funding round from investors including Warburg Pincus. Petplan Insurance offers products and services including Pet Insurance, Wellness Plan, and Dental Coverage. Petplan Insurance operates in a competitive market with competitors including Wagmo, Embrace Pet Insurance, Figo Pet Insurance, Fetch by the Dodo and Rainwalk Technology, among others.

  • Headquarter Newtown Square, United States
  • Sectors
    Consumer
    Healthcare Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Fetch, Inc.
Operational Areas
Consumer → Baby, Parenting & Pet Care
Healthcare → Veterinary & Animal Health
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $1.6 M (USD)

    in 1 rounds

  • Latest Funding Round
    $1.6 M (USD), Seed

    Feb 23, 2010

  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Warburg Pincus

    (Oct 02, 2019)

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Products & Services of Petplan Insurance

Petplan Insurance offers a comprehensive portfolio of products and services, including Pet Insurance, Wellness Plan, and Dental 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.

Primary

Covers accidents and illnesses for pets with vet bill reimbursements.

Optional add-on for routine pet health checks and vaccinations.

Provides coverage for dental issues in cats and dogs.

Funding Insights of Petplan Insurance

Petplan Insurance has successfully raised a total of $1.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.6 million completed in February 2010. 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 Rounds 1
  • Last Round Seed — $1.6M
  • First Round

    (23 Feb 2010)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2010 Amount Seed - Petplan Insurance Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Petplan Insurance

Petplan Insurance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Warburg Pincus. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Multi-stage private equity investments are pursued across diverse sectors.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Petplan Insurance

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Petplan Insurance

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Petplan Insurance Comparisons

Employees
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Competitors of Petplan Insurance

Petplan 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, Figo Pet 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
domain founded_year HQ Location
Pet insurance solutions are offered online for dogs and cats.
domain founded_year HQ Location
Pet insurance and related technology services are offered by Figo.
domain founded_year HQ Location
Provider of pet insurance for cats & dogs
domain founded_year HQ Location
Online platform offering insurance plans for pets
domain founded_year HQ Location
Pet insurance for cats and dogs is offered online.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Petplan Insurance

Frequently Asked Questions about Petplan Insurance

When was Petplan Insurance founded?

Petplan Insurance was founded in 2003 and raised its 1st funding round 7 years after it was founded.

Where is Petplan Insurance located?

Petplan Insurance is headquartered in Newtown Square, United States. It is registered at Newtown Square, Pennsylvania, United States.

Is Petplan Insurance a funded company?

Petplan Insurance is a funded company, having raised a total of $1.6M across 1 funding round to date. The company's 1st funding round was a Seed of $1.6M, raised on Feb 23, 2010.

What does Petplan Insurance do?

Petplan Insurance was founded in 2003 and is headquartered in Newtown Square, United States. Pet insurance services are offered through policies administered by Fetch Insurance Services. These policies are issued by XL Specialty Insurance Company, part of XL Catlin, and AGCS Marine Insurance Company, part of the Allianz Group. Operations focus on the pet insurance sector, serving customers across the United States with coverage for various veterinary needs.

Who are the top competitors of Petplan Insurance?

Petplan Insurance's top competitors include Wagmo, Figo Pet Insurance and Embrace Pet Insurance.

What products or services does Petplan Insurance offer?

Petplan Insurance offers Pet Insurance, Wellness Plan, and Dental Coverage.

Who are Petplan Insurance's investors?

Petplan Insurance has 1 investor. Key investors include Warburg Pincus.

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