The funding was led by ManchestorStory and included participation from Insurtech Gateway, Bridge Investments, Seaplane Ventures, and several insurance and reinsurance executives.
Based in Columbia, SC, Rainwalk is dedicated to revolutionizing market penetration in the pet insurance industry. The company aims to invest in new, alternative, and tech-driven distribution channels that have been traditionally overlooked by industry incumbents.
Rainwalk offers its partners a white-label solution, enabling them to provide insurance coverage to their customers. Additionally, the startup directly sells insurance to consumers, with coverage underwritten by Incline Casualty Company. The new funding will support Rainwalk’s continued growth and expansion within the pet insurance market.
Nicole Gunderson, Principal at ManchesterStory, and former Managing Director at the GIA commented on the news, saying: “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. 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.”
Joshua Snead, Founder and CEO of Rainwalk Technology added: “By prioritising 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. 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.”
