Israeli pet care platform The Vets raises $40 million
Israel Pet Care Platform Veterinarians announced the closing of a $40 million funding round led by Target Global, PICO Venture Partners and Bolt Ventures. The Vets provides in-home pet care through technology innovation and redefines the pet health industry with flexibility for pet owners, veterinarians and technicians, including diagnostic services complete during home visits.
The company was founded in 2021 by CEO Daniel Sagis, COO Dori Fussmann and Target Global after the Covid pandemic popularized the convenience and security of home services. The company launched its services in Miami, then expanded to Tampa, Dallas, Austin, Houston, Portland, Seattle, Las Vegas, Denver, and is now launching in New York. The Vets plans to expand to 25 more US cities in 2022. The Vets has served over 7,000 pets, with strong customer retention. Based in New York, the company’s development center is in Israel.
Sagis said: “For too long veterinarians have been overworked, underpaid and undervalued. At our core, we believe that happy, healthy pets come from happy, healthy vets. This funding round will further position The Vets as the next generation in pet healthcare, leveraging preemptive technology, allowing us to grow our footprint and enter new markets much more effectively and efficiently.”
Target Co-Founder and President of The Vets, Shmuel Chafets, added, “As the pet care industry doubles over the next decade, the healthcare system that surrounds it is fundamentally flawed. together building a consumer brand that would bring real value to veterinarians and pet owners by tackling the problem head-on. »
Published by Globes, Israel business news – en.globes.co.il – on January 30, 2022.
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