Companion Protect, a Kansas City-based animal health management company, announced that 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 health program administrator that leverages its innovative PALS platform to provide pet owners with a seamless, easy-to-use pet insurance and wellness experience – all fully branded and tailored to partner specifications. Proceeds from this Series A extension round will fuel product and partner expansion, as well as digital innovations to improve the customer experience.
Companion Protect has launched and expanded pet health programs for leading personal lines companies such as Liberty Mutual, Safeco and CSAA Insurance Group. Recently, a deal was signed with another top 5 insurer to launch a new pet insurance program in the coming months. Companion Protect also continues to expand its customized offerings for retailers, advocacy groups, animal shelters and other strategic distribution partners.
KEY QUOTES:
“This level of investment from our strategic partners shows how incredibly we believe in our goal of delivering better outcomes for pets, because pets make us happy. Additional investment reflects our investors’ confidence in the Companion Protect team to provide customized pet health solutions to our distribution partners and their customers.”
- Chuck Laue, Founder and CEO of Companion Protect
