Trupanion

#4306

Rank

$1.92B

Marketcap

United States

Country

Leadership team

Mr. Darryl Graham Andrew Rawlings (Founder, CEO & Director)

Ms. Margaret Tooth (Pres)

Ms. Tricia Lynn Plouf (Chief Operating Officer)

Products/ Services

Health Care, Health Insurance, Insurance, Pet

Number of Employees

1,000 - 20,000

Headquarters

Seattle, Washington, United States

Established

1999

Company Registration

SEC CIK number: 0001371285

Revenue

500M - 1B

Traded as

TRUP

Social Media

URL

https://www.trupanion.com

Overview

Location

Recognition and Award

References

Summary

Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc. changed its name to Trupanion, Inc. in 2013. The company was founded in 2000 and is headquartered in Seattle, Washington.

History

Trupanion was founded by current CEO Darryl Rawlings as Vetinsurance in Canada in 1999. Trupanion became the first North American pet insurance company to provide its own underwriting.

In 2007, Trupanion raised $22 million from Maveron, RenaissanceRe and a large private equity group. A Series B round was completed in 2008 and in 2011 the company completed a $9 million Series C round of financing led by the Highland Consumer Fund.In 2014, the company went public and raised $71 million during its IPO. In October 2020, Trupanion completed a PIPE funding round for $200 million. Trupanion ended the 2020 fiscal year with 862,928 pets enrolled and $502 million in revenue. PHI Direct and Furkin

In 2021, Trupanion launched two new pet insurances products: PHI Direct and Furkin. Both insurance products were launched in Canada. These pet medical insurance policies were designed to be offered online at different price points than Trupanion coverage. PHI Direct is the first pet insurance in Canada to accept PayPal and Apple Pay. Furkin’s policy has no per condition limits and offers 24-hour telehealth support via Vetsdirect Limited and Petriage.

Mission

Our mission is to help the pets we all love get the veterinary care they need. At Trupanion we offer a collaborative, casual, and pet-friendly environment where everyone is encouraged to be themselves.

Vision

To create a better quality of life for people and their pets through the design, delivery, and support of a broad spectrum of pet health insurance products.

Key Team

Mr. Howard Elliot Rubin (Independent Director & Consultant)

Mr. Chris Cappelletti (CTO and Exec. VP of IT & Data)

Mr. Andrew Donald Wolff M.B.A. (Chief Financial Officer)

Mr. Gavin Derek Friedman (Exec. VO of Legal & Corp. Sec.)

Mr. Asher Benjamin Bearman (Exec. VP of Corp. Devel.)

Ms. Laura Bainbridge (VP of Corp. Communications)

Scott Janzen (Director of Communications)

Recognition and Awards

Trupanion has been honored with awards such as the Pike Place Market Community Award, the Canada Post E-commerce Innovation Award, the Vancouver Dog Award, and the Stevie Awards for Sales and Customer Service Excellence. In 2019, Trupanion was named on the CNBC Upstart 100, a list of the world's best young start-ups.