Rainwalk Technology, the main white-label pet insurance coverage expertise supplier, as we speak publicizes $4 million in Seed funding led by ManchestorStory with participation from Insurtech Gateway, Bridge Capital, Seaplane Ventures, and a number of other insurance coverage and reinsurance executives. The capital will gas investments in individuals, product, and expertise that may energy partnerships and initiatives that additional differentiate Rainwalk’s pet well being ecosystem within the market.
“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 on 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 within the US have seen nice success with Direct-to-consumer channels, Rainwalk is trying to dramatically enhance market penetration by investing in new, various, and tech-forward distribution channels traditionally neglected 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.”
Based in Columbia, SC, Rainwalk is a high-growth staff of animal lovers who consider no pet mother or father ought to have to decide on between their funds or offering the very best care for his or her pets. Rainwalk gives beneficiant pet insurance coverage protection for accidents and diseases with restricted exclusions in comparison with opponents. Rainwalk insurance policies are handy to buy and supply beneficial advantages like free digital vet visits and unique pet model reductions, caring pet mother or father assist and hassle-free reimbursements. Pet dad and mom more and more have interaction with Rainwalk’s cellular app for vet invoice reimbursements, free digital vet appointments, coverage administration and to access unique reductions – with extra pet well being capabilities coming this 12 months.
