Companion Protect raises $20.25 million

Companion Protect, a Kansas City-based pet insurance and pet wellness 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.

The proceeds from this Series A extension round will fuel product and partner expansion, along with digital innovation to enhance the customer experience.

Founded in 2015, Companion Protect has launched pet insurance programs for insurers such as Liberty Mutual, Safeco, and CSAA Insurance Group. It also builds programs for animal shelters, retailers, and benefit providers.

The company says that it recently contracted with “another Top 5 insurer” to launch a new pet insurance program in the coming months.

“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. Additional investment reflects our investors’ confidence in the Companion Protect team to deliver customized pet healthcare solutions to our channel partners and their customers.” – Chuck Laue, founder and CEO of Companion Protect.