American pet insurance firm raises $27 million
Companion Protect wants to bring pet healthcare “to the masses” after the capital injection.
The Kansas City-based pet insurance and animal wellness company Companion Protect closed an investment of $27 million (€24.9M) in a Series A round.
The company said that the investment will help on its journey to “disrupt the pet health space and bring pet healthcare to the masses.” Proceeds will be put toward products, partner expansion and digital innovation to enhance customer experience.
Chuck Laue, Founder and CEO of Companion Protect, says the round will accelerate the business “and help many large, trusted, national brands introduce their own pet health solutions.”
Laue stated the company is “thrilled to have the support” of the new investors “in addition to seed investors.”
The funding round was led by fintech and strategic investors from the venture capital arm of CSAA Insurance Group, Avanta Ventures, Liberty Mutual Insurance, shareholder insurance business Old Republic International Corporation and Stray Dog Enterprises.
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