Barkibu

Barkibu is a Spanish insurtech company operating in the pet health sector, providing digital insurance and telehealth services for pet owners. Founded in 2013 by Pablo Pazos, Quique Torres, and Patricia Seoane, the company has transitioned from a veterinary marketplace to a comprehensive pet healthcare provider. Initially, Barkibu connected pet owners with veterinarians for online consultations, operating on a subscription model for both parties. Recognizing the limitations for scalability, the business pivoted to focus on pet insurance and AI-driven telehealth solutions.

The company's core offering is a fully digital pet insurance plan that covers a significant portion of veterinary expenses for accidents and illnesses, as well as preventive care like vaccinations. Serving clients in Spain and Germany, Barkibu's business model is centered on recurring premium payments from pet owners. The price of the insurance varies based on the pet's species, breed, sex, and age. A key feature is the Barkibu app, which allows users to manage their policies, submit claims, and access telehealth services, including chats, calls, and an AI-based symptom checker. This AI is powered by a vast database of over 800,000 veterinary consultations, which also helps to optimize insurance pricing and marketing.

Barkibu has demonstrated significant growth, with reported revenue increasing from €800,000 in 2021 to €25 million in 2024. The company has successfully raised approximately $12 million in funding over several rounds from investors including K Fund, Mundi Ventures, TheVentureCity, and the European Investment Bank. This capital is being used to enhance its product offerings and expand its market presence. The firm's long-term vision is to create a comprehensive structured database of pet health information, positioning itself as a central hub for all pet-related health data.

Keywords: pet insurance, insurtech, veterinary telehealth, pet health, AI diagnostics, digital insurance, animal healthcare, pet care app, vet chat, online veterinary services, pet wellness, Spain, Germany, subscription model, claims management, preventive care, pet data, animal health technology, veterinary AI, Pablo Pazos