Pet insurance provider Trupanion raises another $ 9M in funding
News from TechFlash:

Trupanion has raised $ 9 million in financing led by the Highland Consumer Fund, with funding also coming from Howard Schultz’s venture capital firm Maveron.

Trupanion sells pet insurance to pet owners in the United States, Canada and Puerto Rico. The insurance covers 90 percent of veterinary care if a pet becomes sick or injured. A policy for a 3-year-old mixed-breed dog can cost about $ 40 a month.

The company said it plans to use the funds to expand its national sales force and its customer-service and claims-administration capacity.

Maveron, the Seattle-based venture capital firm founded by Starbucks’ CEO, was Trupanion’s first institutional investor.

Trupanion has raised total capital of $ 37.1 million. Trupanion competes with several other companies offering insurance plans for pets, including PetFirst, Petplan, 24PetWat…………… continues on TechFlash

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