🏆 Deal of the Week · CW 7/2026
Lassie raised USD 75 million in a Series C round; the company's valuation was not disclosed. The round drew participation from Balderton Capital, Felix Capital, Inventure, Passion Capital, and Stena Sessan. This transaction was recognised as Venionaire DealMatrix Deal of the Week for KW 7/2026.
Lassie — key deal facts
| Company | Lassie |
| Founded | 2020 |
| Headquarters | Stockholm, Sweden |
| Amount raised | USD 75m |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | The round included participation from Balderton Capital, Felix Capital, Inventure, Passion Capital, and Stena Sessan |
| Sectors | Digital Health, Insurance, Software |
Who invested in Lassie?
The Series C included Balderton Capital, Felix Capital, Inventure, Passion Capital, and Stena Sessan. The syndicate combines specialist European venture investors — Balderton and Felix Capital are both major pan-European growth funds — with Nordic-focused Inventure and early-stage backer Passion Capital, alongside Swedish industrial holding company Stena Sessan. The breadth of the group signals cross-border institutional conviction in Lassie's expansion trajectory across Europe.
What does Lassie do?
Lassie is a Swedish insurtech and digital pet-health company founded in 2020 by Hedda Båverud Olsson and headquartered in Stockholm, Sweden. The company offers app-based pet insurance combined with preventive veterinary care tools, including digital health check-ins, behavioural guidance, and wellness tracking for dog and cat owners. Lassie's model links insurance premiums to preventive behaviour, rewarding pet owners who engage with healthy-habit features through potential premium reductions. Operating across multiple European markets, the company targets the fast-growing pet economy by integrating insurance coverage with ongoing digital health engagement.
Lassie valuation & multiples
No existing multiples figures were provided for this transaction. When valuation data becomes available, relevant benchmarks for insurtech and digital-health software businesses can be found on the Venionaire DealMatrix sector multiples pages for Insurance and Digital Health — both of which track prevailing EV/Sales and EV/EBITDA ranges across comparable European and global transactions.
Explore the benchmarks: Series C Digital Health Insurance.
Frequently asked questions
How much did Lassie raise in its Series C?
Lassie raised USD 75 million in its Series C round.
What is Lassie's valuation?
Lassie's valuation was not disclosed in connection with this Series C round.
Who invested in Lassie?
The Series C included Balderton Capital, Felix Capital, Inventure, Passion Capital, and Stena Sessan.
When was Lassie founded and where is it based?
Lassie was founded in 2020 and is headquartered in Stockholm, Sweden.
Source: original announcement — read the full report.