Outward VC led the £5m round with participation from Triple Point Ventures and Kamet Ventures.
"Our mission is to help millions protect their financial future. We are passionate about advice, and we believe that everyone should have access to it. We can ensure that each person gets the protection that is right for them."
EQT Growth led the £246m Series D round to support the pet insurer in its accelerated expansion into new geographies and product innovation.
"Bought By Many's digital-first approach is unrivalled in pet insurance, a market that is large and underpenetrated in most European countries and the US."
— Carolina Brochado, Partner in EQT Growth's advisory team
Insurtech Gateway led the pre-seed round for the B2B insurance platform, with backing from True Sight Partners and angel investors.
"The gulf between corporates and independent retailers trying to secure credit terms is vast and, in our opinion, unfair. Our vision at BondAval is to redress this balance, allowing independent retailers to leverage investment grade security. Their word – our bond. To achieve this vision, we are excited to partner with our new investor shareholders, led by Insurtech Gateway.. They understand the value we can bring by applying digital first propositions to the world of B2B insurance."
The London insurtech has drawn backing from Shell Ventures and Marbruck Investments to drive domestic and international growth.
"Partnering with Shell Ventures brings not only fresh capital, but also an investor with a thriving global connected fleet business and expertise to share. We are looking forward to working with Shell and bringing our class-leading motor fleet insurance product with explainable exposure-based pricing to an even wider audience"