EQT led a $350m Series D funding round in Bought By Many.

EQT led a $350m Series D funding round in Bought By Many, a European pet insurance provider. Following the investment, Carolina Brochado, Partner in EQT Growth’s advisory team, will join Bought by Many’s Board. FTV Capital, Munich Re, Octopus Ventures, Willoughby Capital and CommerzVentures also participated in the round. “Bought By Many’s digital-first approach is unrivalled in pet insurance, a market that is large and underpenetrated in most European countries and the US. It benefits from secular tailwinds such as the humanisation of pets and higher spend on pet care, and is also uniquely positioned to benefit as global digitalization continues to gather pace,” Carolina Brochado, EQT Growth’s advisory team Partner.