| Founded | 2013 |
|---|---|
| Closed | 2022 |
| Country | USA |
| Sector | Insurtech |
| Collapse type | Regulatory Kill |
| Founder | Rusty Sproat |
Figo Pet Insurance
"Regulatory rate caps turned Figo's 98% loss ratio into an exit-only situation."
Forced closure by regulatory action
Key Events Timeline
Figo Pet Insurance, founded by Rusty Sproat in Chicago, raised approximately $15M and differentiated via a mobile-first claims experience and its Pet Cloud platform.
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