Barkibu SL

Based in Spain, Barkibu S. L. specializes in providing comprehensive veterinary insurance solutions for pet owners, ensuring access to necessary medical care for dogs and cats through a user-friendly digital platform. Founded in 2014, Barkibu S.

L. operates primarily as a pet insurance provider, designed to alleviate the financial burden of veterinary expenses. The founders, Maria Alvarez, Pablo Rey, and Patricia Seoane, established the company to enhance pet healthcare accessibility. With headquarters in Spain, Barkibu has successfully raised a total of USD 5.

00 mn across multiple funding rounds, with the latest funding occurring on May 4, 2023, led by Kanoar Ventures and including Mundi Ventures. The company has completed 9 deals thus far. Barkibu offers tailored veterinary insurance plans for dogs and cats, covering accidents and illnesses, including diagnostic tests, emergency care, medications, and surgeries. Their services aim to minimize the financial strain on pet owners, allowing them to provide timely care without significant out-of-pocket costs.

With a network of over 15,000 veterinarians, Barkibu facilitates telematic consultations, primarily serving pet owners in Spain who can choose any veterinary clinic for their pets’ care. For the year 2023, Barkibu reported a revenue of USD 3,094,151. 60, with an EBITDA loss of USD 3,124,812. 90.

The company's revenue model is based on subscription-based pet insurance plans, where pet owners pay monthly premiums for policies covering veterinary costs, ensuring up to 80% reimbursement of eligible expenses. In May 2023, Barkibu S. L. secured USD 5.

00 mn in venture funding to facilitate its growth strategy, particularly in expanding its product offerings. The company plans to leverage this funding to introduce new insurance products and broaden its market reach beyond Spain, targeting additional European regions. These initiatives aim to enhance Barkibu's service delivery and accessibility for pet owners across new geographic areas.