Policy Advisor expands into veterinary corporate groups and receives $12 million in Series B funding.


On June 15, 2022, New York In order to speed up the modernization of pet insurance education nationwide, Policy Advisor, the nation's top marketplace for pet insurance, today announced Slow Ventures, Defy Partners, Rho Ignition, and ERA's Remarkable Ventures Fund also participated in the round. With this, the company has now raised roughly $20 million in total.

This news highlights Policy Advisor's achievements in raising the bar for pet insurance education across the nation and facilitating pet owners' search for suitable financial solutions for pet care budgeting.

According to Ben Cunningham, VP of Veterinary Operations of Newsday Veterinary Care, the most recent veterinary corporate group to collaborate with Policy Advisor, "Our veterinary practices focus on giving pet parents access to all the premium care they need to give their pets the best life possible." "Policy Advisor provides the most efficient, contemporary approach to educating clients about pet insurance, which is a crucial tool for giving the finest care possible."

With the additional capital, Policy Advisor will be better able to assist the veterinary industry, expand its pet insurance market, improve its core services, and make important hiring across a number of departments.

With a nationally recognized brand and distinctive distribution methods, Policy Advisor is proving that it can be a market leader, according to Seyonne Kang, Partner at Step Stone Group. We think Policy Advisor is positioned to take the lead as the world's foremost expert on pet insurance, and we look forward to partnering with the management team as they continue to innovate and strengthen the company's position in the market.

Policy Advisor will use its unmatched talents to harness and increase market demand as the sector continues to thrive.




Woody Mawhinney, CEO & co-founder of Policy Advisor, said, "This news is an important milestone for Policy Advisor. We set out to establish an enduring company that would fundamentally improve the pet owner's ability to give dogs the finest care possible." "We're happy to work with pioneers in the veterinary sector and top-tier investors with proven track records in the pet care field," said the team.

The Series B funding for Policy Advisor expands on the business's rapid expansion. The company has partnered with veterinary clinics over the past 12 months to raise the number of pet parents who are aware of their pet insurance alternatives by 1,000%, revolutionizing how American pet owners obtain treatment financing options. By 2022,

the business had become a member of the American Animal Hospital Association's (AAHA) Preferred Business Provider network, making Policy Advisor's brand the go-to choice for pet insurance among both veterinarian offices and pet owners.

Policy Advisor had previously raised almost $8 million from fundraising efforts before this round. The North American Pet Health Insurance Association and Vet Partners are both organizations that Policy Advisor belongs to.


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