Companion Protect, a Kansas City-based pet health administration company, announced it has closed a $20.25 mn extension round from Series A investors.
This follows a $27 mn Series A financing round in 2023 from Avanta Ventures, Liberty Mutual Insurance, Old Republic International Corporation, 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.
It recently contracted with another Top 5 insurer to launch a new pet insurance program in the coming months. Additionally, Companion Protect continues to expand its custom offerings to retailers, affinity groups, shelters, and other strategic channel partners.
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
Chuck Laue, founder and CEO of Companion Protect
“Additional investment reflects our investors’ confidence in the Companion Protect team to deliver customized pet healthcare solutions to our channel partners and their customers.”
Founded in 2015, Companion Protect has made strides in the pet insurance industry, launching programs for major insurers like Liberty Mutual, Safeco, and CSAA Insurance Group. The company also develops specialized insurance programs for animal shelters, retailers, and employee benefit providers.
Companion Protect is a national B2B2C pet insurance and wellness program administrator for large, trusted brands across property and casualty insurers, employee benefits providers, retail, affinity, and animal welfare channels.
by Peter Sonner
