Companion Protect, a 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 plans to use the funds to expand its product offerings, partner with more businesses, and improve its claims processing technology. Companion Protect is led by Chuck Laue and provides pet health products to insurers and policyholders through its PALS® technology platform.
The company has launched pet insurance programs for personal lines insurance companies and is building a pet insurance program for animal shelters. Several additional program launches are planned for late 2023 and beyond.
