Pawlicy Advisor raises $12 million

Pet insurance marketplace Pawlicy Advisor announced its expansion into veterinary corporate groups and that the company raised a $12 million Series B funding round led by StepStone Group. The round also included participation from Defy Partners, Rho Ignition, Slow Ventures, and ERA’s Remarkable Ventures Fund. To date, the company raised ~$20 million.

“This announcement is an important milestone for Pawlicy Advisor — we set out to build an enduring company that would fundamentally transform the pet owner’s ability to give pets the best care possible. We’re thrilled to team up with leaders in the veterinary industry and top-tier investors with successful track records in the pet care space.” – Woody Mawhinney, CEO & co-founder of Pawlicy Advisor.

Pawlicy Advisor will use the new funding to further serve the veterinary community, grow its pet insurance marketplace, enhance its core offerings, and make key hires in several departments.