Funding round
ManyPets Series A
ManyPets, which works in pet insurance plan services in London, raised $9.7M in a Series A round announced on 1 Oct 2016, led by Octopus Ventures. 1 firm took part. It is ManyPets' first venture round on record.
$9.7M
Amount raised
7,500,000 GBP converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
ManyPets did not disclose a valuation in this round. It is 2.0% of the $477M ManyPets has raised in the venture rounds on record. ManyPets raised again 21 months later: a Series B round of $20M in Jul 2018. Its next priced round, a Series D in Jun 2021, valued it at $2.00B.
ManyPets' funding rounds
ManyPets has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Octopus Ventures led the round.
Lead investor
- backs 164 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
9 Series A rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $12M, and this round was 80% of the median. The closest in time, other companies' Series A rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 19 Oct 2016 | $14M | not disclosed | Canaan |
| Insurance - Agents, Carriers & Brokers | 15 Nov 2016 | $7.8M | not disclosed | Union Square Ventures |
| Insurance - Agents, Carriers & Brokers | 7 Sep 2016 | $5.0M | not disclosed | Anthemis |
| Insurance - Agents, Carriers & Brokers | 3 Aug 2016 | $15M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 17 May 2016 | $12M | not disclosed | Canaan |
| Insurance - Agents, Carriers & Brokers | 18 Apr 2017 | $5.9M | not disclosed | Anthemis |
| Insurance - Agents, Carriers & Brokers | 3 May 2017 | $29M | not disclosed | Munich Re/HSB Ventures |
| Insurance - Agents, Carriers & Brokers | 11 May 2017 | $6.0M | not disclosed | Omidyar Network |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did ManyPets raise in its Series A round?
ManyPets raised $9.7M in its Series A round, announced in Oct 2016.
Who led ManyPets' Series A round?
Octopus Ventures led it.
What was ManyPets' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Insurance - Agents, Carriers & Brokers?
9 Series A rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $12M, and this round was 80% of the median.
Did ManyPets raise again after this round?
Yes: a Series B round in Jul 2018 of $20M.