Source: FF News
Rainwalk Technology, the leading white-label pet insurance technology provider, today announces $4 million in Seed funding led by ManchestorStory with participation from Insurtech Gateway, Bridge Capital, Seaplane Ventures, and several insurance and reinsurance executives. The capital will fuel investments in people, product, and technology that will power partnerships and initiatives that further differentiate Rainwalk’s pet health ecosystem in the marketplace.
“Since I first met Josh during the Global Insurance Accelerator (GIA) in 2021, I knew Rainwalk had the potential to change the adoption of pet insurance in the U.S.,” says Nicole Gunderson, Principal at ManchesterStory, and former Managing Director at the GIA. “Josh and the strong industry team he’s built since are doing just that. At ManchesterStory, we invest in game changers and we knew we had to partner with them to fuel growth.”
While many pet insurers in the US have seen great success with Direct-to-consumer channels, Rainwalk is looking to dramatically improve market penetration by investing in new, alternative, and tech-forward distribution channels historically overlooked by incumbents.
“By prioritizing thoughtful product design, seamless pet insurance integrations and exceptional operations support, our team has demonstrated continued channel growth opportunities that are scalable and cost-effective,” says Joshua Snead, Founder and CEO of Rainwalk Technology. “We’re relentlessly committed to being an industry-leading pet health insurtech, and we’re thrilled to grow our capabilities alongside new investors who share our vision.”
Read full article: https://ffnews.com/newsarticle/funding/rainwalk-pet-insurance-raises-4-million-led-by-manchesterstory/
