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December 12, 2024

Insurtech unicorn ManyPets reports falling losses amid layoffs and market exits

Revenue has also dropped following a bruising couple of years for the insurance industry

Pet insurtech ManyPets reported more than halving its losses in its latest accounting period up until March 31 2024, despite revenue falling for the second year in a row. The results come amid a turbulent period that has seen the company shake up leadership, make layoffs and exit all international markets, as rising inflation has battered the insurance market.

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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