Companion Protect, a Leawood, KS-based pet insurance and pet wellness administration company, raised $27M in Series A funding.
The round was led by Avanta Ventures, Liberty Mutual Insurance, Old Republic International Corporation, as well as Stray Dog Enterprises.
The company intends to use the funds to accelerate product and partner expansion, along with digital innovation in claims processing aimed at enhancing the customer experience.
Led by Chuck Laue, Founder and CEO, Companion Protect is a national B2B2C pet insurance and pet wellness program administrator for brands across property and casualty insurers, employee benefits providers, retail, affinity, and animal welfare channels. It provides pet health products which leverage its PALS® technology platform to offer insurers and policyholders with a user-friendly experience.
Companion Protect has launched pet insurance programs for personal lines insurance companies including Liberty Mutual, Safeco, and CSAA Insurance Group, and building a pet insurance program for animal shelters, rescues, and animal shelter software providers. Several additional program launches are slated for late-2023 and beyond across retail, employee benefits, and traditional property and casualty channels.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.