Dalma secures €20M to expand its services across Europe

Funding to support broader expansion plans

Paris-based Dalma has completed a €20 million Series B investment round to expand its operations and product offering in the European pet insurance market. The round was led by Breega, with continued backing from Northzone and Anterra Capital, along with Bpifrance Digital Venture 3, a fund dedicated to digital innovation.

The company, founded in 2021 by Alban de Preville, Raphael Sadaka, and Harry Belinga, aims to transform the experience of pet care through insurance and wellness-focused services. With current operations in France and Germany, Dalma is preparing to enter new markets in Europe while introducing features such as a direct payment mechanism for policyholders and an online shop for pet wellness products.

A growing user base and digital-first model

Dalma claims to offer a transparent insurance model that includes “unlimited free veterinary advice and contracts with no hidden fees,” currently covering over 60,000 pets. Its mobile application allows users to access 24/7 veterinary support via chat or video, and to submit claims that are instantly processed through AI-powered systems—a contrast to the industry standard that usually involves several days of waiting.

According to Alban de Preville, the latest funding will help the company scale its services beyond insurance: “Our vision goes beyond traditional insurance: we aim to transform the way pet parents care for their companions.” He added that the company is committed to expanding its presence in France and Germany while accelerating into other regions across the continent.

The company has reportedly achieved profitability in France and has recorded 700% growth since its previous round. Alongside its insurance offering, Dalma is working on a broader ecosystem of services to support pet owners in daily care and long-term well-being.

Investor confidence in Dalma’s approach

The investment round brought strong support from existing and new investors. Benjamin Deplus, Partner at Breega, pointed to market trends: “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.”

Similarly, Claire Castel, Investment Director at Bpifrance Digital Venture, stated, “In just a few years, Dalma has successfully created the most transparent and high-performing insurance product on the market.”

Maarten Goossens, Founding Partner at Anterra Capital, expressed confidence in the team’s ability to reshape the pet care industry in Europe, stating, “We are doubling down on Dalma, confident that their innovative blend of technology and deep customer understanding will reshape the European pet care industry.”

Looking ahead: from insurance to well-being ecosystem

With fresh capital, Dalma intends to go beyond insurance by building a broader service platform. Future developments will include a direct payment option that allows policyholders to avoid out-of-pocket costs, as well as an e-commerce offering that will feature health and wellness products for pets.

Alban de Preville noted, “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.”