Pet health insurance provider Barkibu raises $5 million

Tech EU

Galician pet tech firm Barkibu has raised $5 million in a new funding round. Offering both pet insurance and a preventative services app, naturally complete with an AI-powered component, Barkibu intends to use the new funds to further improve and expand its services.

Barkibu’s $5 million round was led by Kfund and saw the participation of existing investor Alma Mundi Ventures. According to co-CEO Pablo Pazos Rey, the company has raised approximately $11 million over the course of its lifespan.

Serving some 20,000 pet parents in both the Spanish and German markets, Barkibu’s insurance policy covers 80% of costs associated with pet illnesses and accidents, and 100% of costs associated with prevention, i.e. vaccinations and/or annual checkups.

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