Updating Trupanion

Investors in the Elevation Capital Global Shares Fund own a share of Trupanion, a pet insurance provider that offers a monthly subscription eliminating uncertainty around the cost of pet care. The company has grown revenues at +27.14% per annum from 2015-2019 and is well positioned to continue benefiting from the favourable tailwinds in the Petcare Industry.

The growing trend that we have comprehensively covered in the past of “pet-humanisation” and Trupanion’s competitive business model has seen the company experience a rapid multiple expansion since 1 February 2020. From the Elevation Capital Global Shares Fund cost basis, Trupanion has returned +226.26%. We continue to see long-term value in Trupanion, the pet insurance industry in the USA is still considerably under-penetrated. In our opinion, Trupanion offers a best-in-class service to customers which will continue to be reflected via long-term growth in its intrinsic value.

To learn more about Trupanion, read our summary report here.