PriyaPatel
TLDR:
- Rainwalk Pet Insurance has raised $4 million in Seed funding led by ManchesterStory.
- The funding will be used to fuel investments in people, product, and technology to differentiate Rainwalk’s pet health ecosystem in the marketplace.
Rainwalk Technology, a white-label pet insurance technology provider, has announced a $4 million Seed funding round led by ManchestorStory. Other participants in the funding round include Insurtech Gateway, Bridge Capital, and Seaplane Ventures, as well as several insurance and reinsurance executives.
The capital raised will be used to invest in people, product, and technology to power partnerships and initiatives that will set Rainwalk’s pet health ecosystem apart in the marketplace. The company is looking to improve market penetration by investing in new, alternative, and tech-forward distribution channels that have been historically overlooked by incumbents.
Joshua Snead, Founder and CEO of Rainwalk Technology, emphasized the company’s commitment to being an industry-leading pet health insurtech. Rainwalk offers generous pet insurance coverage for accidents and illnesses with limited exclusions compared to competitors, along with valuable benefits such as free virtual vet visits and exclusive pet brand discounts.
Rainwalk, based in Columbia, SC, is a team of animal lovers who believe in providing the best possible care for pets without pet parents having to choose between their budget and their pets’ health. The company’s mobile app allows pet parents to manage their policies, access exclusive discounts, and engage in vet bill reimbursements, with more pet health capabilities planned for the future.
Overall, the funding round led by ManchesterStory will enable Rainwalk to continue its growth and innovation in the pet insurance industry, setting it up as a key player in the market.
