The French broker raises 150 million euros to finance its expansion and take advantage of the boom in this market.
This is almost a first for SantéVet. Almost twenty years after its creation in 2003, the broker specializing in health insurance for pets (dogs, cats, etc.) has just raised 150 million euros. The round table was led by the investment fund Columna Capital, majority shareholder of SantéVet since 2017. “Apart from a fundraising of 1.5 million euros in 2004, the company has always self-financed its growthexplains Hugues Salord, who has just replaced his brother Jérôme Salord, the founder of the group, as president of SantéVet. But this strategy is no longer suited to our strong development projects in Europe, where we expect to become the sector leader over the next five years.”
SantéVet designs and distributes its animal health insurance contracts, but does not insure the risk, which is covered by Axa, Allianz and L’Équité, a subsidiary of Generali. The company now wants to take advantage of the enthusiasm of Europeans for…