Dalma funding news – Paris-based Dalma Secures €20 Million in Series B Round Funding

The funding was led by Breega, with support from existing investors Northzone and Anterra Capital, along with Bpifrance’s Digital Venture 3 fund, which focuses on innovative tech companies.

Alban de Préville, Co-founder of Dalma said, “This funding opens a decisive new chapter for Dalma in its mission to revolutionise pet welfare across Europe, Our vision goes beyond traditional insurance: we aim to transform the way pet parents care for their companions. This new growth phase will enable us not only to strengthen our presence in France and Germany but also to accelerate our expansion into new European markets.”

It has grown by 700% since its Series A and is already profitable in France, making it well-positioned to become a major player in the pet insurance industry.

de Préville said, “Dalma’s added value rests on two essential pillars: a more efficient insurance model than its competitors and an exceptional customer experience, recognised as one of the best in the market,”.

It says that customers can customize their coverage in just two clicks. Through its app, veterinary expenses are reimbursed, and users can contact vets 24/7 via chat or video calls. The app also offers educational programs created with animal welfare experts. With AI, Dalma can instantly process and reimburse claims, while other companies usually take several days.

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Benjamin Deplus, Partner at Breega said, “Dalma is capturing a unique market timing and dynamics, combining a societal wave in favor of animal welfare with inflationary pressure in the broader veterinary sector. Their natural response: an insurance and prevention product for pets, which has already convinced nearly 60,000 owners. Breega is very happy to join this adventure alongside Alban and Raphaël,”.

Claire Castel, Investment Director at Bpifrance Digital Venture said, “In just a few years, Dalma has successfully created the most transparent and high-performing insurance product on the market, combined with a strong brand that has already become a must-have for pet owners. We are confident that this unique combination will enable Dalma to establish itself as the European leader in the sector. We are delighted to support Dalma in this new chapter,”.

Maarten Goossens, founding partner at Anterra Capital said, “We are doubling down on Dalma, confident that their innovative blend of technology and deep customer understanding will reshape the European pet care industry,”.

With the new funding, Dalma plans to expand its services to become the main well-being partner for pet owners. They are considering adding a direct payment system for policyholders and launching an online store with a selection of top health and wellness products for pets.

de Préville said, “This new phase allows us to look to the future with ambition and responsibility: building an insurance and service ecosystem that redefines pet welfare in Europe. We carry this mission with passion and determination to better support pet parents in their daily lives,”.

About Dalma

Dalma, launched in 2021 by Alban de Préville, Raphaël Sadaka, and Harry Belinga, is the fastest-growing pet insurance in France. Their goal is to help pet owners care for their pets with easy-to-use, transparent insurance that has no deductible and refunds within 48 hours.