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Overview
Synergy Pet Group builds a pet-care ecosystem that connects veterinarians, pets, and their families. It offers Wishbone Pet Insurance to provide financial protection for pet care costs, and it monetizes through insurance premiums and related pet services. The company differentiates itself by emphasizing relationships and collaboration among pet owners, veterinarians, and caregivers, aiming to improve decision‑making in pet care and overall quality of care. Its goal is to improve pet outcomes by offering integrated insurance and services that support families and veterinary professionals as a connected ecosystem, and it has earned recognition on the Inc. 5000 list for sustained growth.
About Synergy Pet Group
Industries
Enterprise Software
Financial Services
Healthcare
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$18.5M
Headquarters
Lakewood, New Jersey
Founded
1995
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Simplify's Take
What believers are saying
- $18.5M Series B funding from LoneTree Capital enables tech platform expansion in May 2023.
- Team size grew 63% year-over-year, ranking #3004 on the 2024 Inc. 5000 list.
- Serving 112+ team pets strengthens its unique B2B2C channel for pet-related services.
What critics are saying
- Wishbone faces 50–65% underwriting margin collapse within 6–12 months as claim costs rise.
- Fetch! Pet Care accelerates market share loss via aggressive employer-benefit bundling in 6–12 months.
- Existing $6.8M revenue cannot cover operating costs, risking cash runway breach in 6–12 months.
What makes Synergy Pet Group unique
- Synergy operates a dual B2B2C ecosystem serving pet owners and veterinary clinics.
- It offers the industry's only PPO-style pet insurance via Wishbone.
- The company integrates employer benefits with veterinary software and marketing solutions.
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Funding
Total Funding
$18.5M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Pet Insurance
Growth & Insights
6 month growth
↑ 5%1 year growth
↑ 2%2 year growth
↑ 5%Synergy Pet Group is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Synergy Pet Group
Industries
Enterprise Software
Financial Services
Healthcare
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$18.5M
Headquarters
Lakewood, New Jersey
Founded
1995
Synergy Pet Group is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today