Companion Protect, a Kansas City-based pet health administration company, announced it has closed a $20.25 million extension round from Series A investors. This follows last year’s $27 million Series A funding round from Avanta Ventures, Liberty Mutual Insurance, Old Republic International, and Stray Dog Enterprises.
Companion Protect is a national B2B2C pet insurance and pet wellness program administrator that leverages its innovative PALS platform to provide pet owners with a seamless, user-friendly pet insurance and wellness experience – all fully branded and customized to partner specifications. The proceeds from this Series A extension round will fuel product and partner expansion, along with digital innovation to enhance the customer experience.
Companion Protect has launched and grown pet health programs for leading personal lines insurance companies, including Liberty Mutual, Safeco, and CSAA Insurance Group. It recently contracted with another Top 5 insurer to launch a new pet insurance program in the coming months. Companion Protect also continues expanding its custom offerings to retailers, affinity groups, shelters, and other strategic channel partners.
KEY QUOTES:
“This level of investment from our strategic partners demonstrates incredible belief in our purpose to ensure better outcomes for pets because pets make us happy. Additional investment reflects our investors’ confidence in the Companion Protect team to deliver customized pet healthcare solutions to our channel partners and their customers.”
- Chuck Laue, founder and CEO of Companion Protect
