Startup profile · funding coverage
Companion Protect funding, valuation and investors
B2B2C pet insurance and wellness program administrator for carriers, retailers, and partners.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series A Extension
$20.25M · August 2024
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$47M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · Leawood, KS
Investors in latest funding
Other: Avanta Ventures , Liberty Mutual Insurance , Old Republic International , Stray Dog Enterprises
Overview
Companion Protect administers branded pet insurance and wellness programs for insurers, retailers, affinity groups, and shelters using its multi-tenant PALS platform. Headquartered in Leawood, KS (Kansas City metro), the company closed a $27 million Series A in 2023 from Avanta Ventures, Liberty Mutual Insurance, Old Republic International, and Stray Dog Enterprises, followed by a $20.25 million Series A extension in August 2024 from the same investor group. It operates as an administrator/TPA rather than the underwriter.
Why Companion Protect is interesting
Leawood, KS pet-health administrator that raised a $27M Series A (2023) plus a ~$20.25M Series A extension (Aug 2024) from strategics including Liberty Mutual and Avanta Ventures — white-label pet insurance via the PALS platform.
Product & use cases
Underwriter-agnostic administration platform (PALS) for partners to offer branded pet insurance and wellness products.
- P&C carriers launching pet insurance programs
- Retail/affinity pet wellness offerings
- Shelter and employer pet-benefit programs
Key facts
- Series A (2023): $27M from Avanta Ventures, Liberty Mutual, Old Republic, Stray Dog Enterprises
- Series A extension (Aug 2024): $20.25M from existing Series A investors (Business Wire)
- PALS platform for white-label pet insurance/wellness administration
- HQ: 11460 Tomahawk Creek Pkwy, Leawood, KS
Funding history (newest first)
Series A Extension
2024-08 $20.25M- Avanta Ventures (participant)
- Liberty Mutual Insurance (participant)
- Old Republic International (participant)
- Stray Dog Enterprises (participant)
Series A
2023 $27M- Avanta Ventures (participant)
- Liberty Mutual Insurance (participant)
- Old Republic International (participant)
- Stray Dog Enterprises (participant)
Competitive landscape
Edge: B2B2C administrator model with strategic insurer LPs/partners versus consumer-direct pet insurers.
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Trupanion / Nationwide pet adjacent
Consumer pet insurance brands.
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Fetch / Lemonade pet adjacent
Direct-to-consumer pet insurance.
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Other pet TPAs direct
White-label administrators for carriers.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Companion Protect's financing or category context.
FAQs about Companion Protect
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