Companion Protect, National Pet Insurance and Wellness Administrator, Announces $20.25M Series A Extension Round Led by Top FinTech and Strategic Investors

Business Wire

Additional strategic investments from Avanta Ventures, Liberty Mutual Insurance, Old Republic International Corporation, and Stray Dog Enterprises to fuel continued growth and digital innovations in customer and agent experience

LEAWOOD, Kan.--(BUSINESS WIRE)--
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 a $27 million 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.

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. 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,” said 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.”

To learn more about Companion Protect, visit www.poweredbycompanionprotect.com.

About Companion Protect

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. We provide compelling pet health products and leverage our innovative PALS® technology platform to provide insurers and policyholders a seamless, user-friendly experience. The company is privately held and headquartered in the greater Kansas City area.

For more information, visit www.poweredbycompanionprotect.com.