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Rainwalk Technology builds a white-label platform that empowers other businesses to offer pet health insurance to their customers. The company provides a comprehensive technological infrastructure for administering pet insurance policies, focusing on creating accessible, valuable, and well-covered options for pet owners through seamless integrations and thoughtful product design. This approach allows partners to easily embed pet insurance solutions.
Joshua Snead and Tong Wu founded Rainwalk Technology based on the insight that existing pet insurance offerings lacked accessibility, comprehensive coverage, and sufficient value for pet parents. Snead, bringing prior experience from the insurance software industry, helped shape the company's focus on innovative technology solutions to address these market gaps. Their foundational belief centers on improving the pet insurance landscape.
The company's primary users are businesses seeking to integrate pet insurance into their own offerings, ultimately serving individual pet parents. Rainwalk Technology aims to expand the availability and utility of pet insurance by partnering with various organizations. Their long-term vision is to establish a dominant presence in the pet insurance technology sector, ensuring more pets have access to necessary veterinary care.
Rainwalk Technology has raised $4.0M across 1 funding round.
Rainwalk Technology has raised $4.0M in total across 1 funding round.
Rainwalk Technology has raised $4.0M in total across 1 funding round.
Rainwalk Technology's investors include Nicole Gunderson, Bridge Investments, Richard Chattock, Seaplane Ventures.
Rainwalk Technology, operating as Rainwalk Pet Insurance, builds a white-label pet insurance technology platform that provides comprehensive coverage for accidents, illnesses, and vaccinations, with features like hassle-free reimbursements, free virtual vet visits, and exclusive discounts via a mobile app.[1][2][3][7] It serves pet parents directly and partners with shelters, breeders, insurers, and organizations like the United Kennel Club to embed one-click insurance purchases, addressing the pet protection gap in a market where 66% of US households own pets but insurance penetration remains low.[1][2][4] The company solves budget constraints for pet care during emergencies by offering better coverage, value, and accessible distribution channels, fueling growth through a $4 million Seed round in April 2024 led by ManchesterStory, with participation from Insurtech Gateway, Bridge Investments, Seaplane Ventures, SC Launch Inc. ($300,000), and others.[1][2][4]
Founded by Joshua (Josh) Snead, a licensed insurance agent with nine years in property and casualty insurance, including roles at Guidewire and Capgemini focused on insurtech growth, data analytics, and B2B sales, Rainwalk emerged from Snead's expertise to make pet insurance more accessible and valuable.[1][2] The idea stemmed from a team of animal lovers recognizing that pet parents often face tough choices between budgets and care, particularly in emergencies, in an underserved market.[1][5] Early traction included becoming an SCRA member in December 2021, a $50,000 acceleration grant in March 2022, and SC Launch Inc.'s investment, leading to partnerships like official provider for the United Kennel Club; this momentum attracted the $4M Seed round in April 2024.[2][4]
Rainwalk rides the booming US pet insurance trend, with 66% household pet ownership and 4.8 million insured pets signaling massive untapped potential in an underserved insurtech niche.[1] Timing aligns with rising pet humanization, post-pandemic vet cost surges, and insurtech maturation, where incumbents overlook B2B channels—Rainwalk's embedded model capitalizes on this by partnering with validators like shelters for rapid penetration.[1][2] Market forces like scalable tech integrations and investor interest (e.g., Insurtech Gateway's bet on its traction) favor it, influencing the ecosystem by proving white-label pet health tech can boost insurer revenues and close protection gaps, potentially inspiring similar embedded insurance plays.[1][2][6]
Rainwalk's Seed funding positions it to scale partnerships, enhance its pet health ecosystem with new app features, and expand white-label offerings amid pet insurance's high growth.[2] Trends like AI-driven claims, deeper vet telehealth integration, and B2B insurtech adoption will shape its path, amplifying momentum from early traction. Its influence may evolve into a dominant embedded player, profoundly impacting pet wellness as market penetration rises—echoing its mission to ensure no pet parent chooses between budget and care.[1][5]
Rainwalk Technology has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 23, 2024 | $4.0M Seed | Nicole Gunderson | Bridge Investments, Richard Chattock, Seaplane Ventures |