Israeli startup, The Vets, secured $40 million in a seed funding round led by international investment and branding firm, Target Global, and venture capital firms PICO Venture Partners, and Bolt Ventures, the company announced earlier this week.
The company platform enables pet owners to schedule at-home visits with veterinarians in the comfort of their homes to discuss and perform various medical examinations and treatments. Doing so allows veterinarians to foster a stronger relationship with the pets themselves because they are being cared for in a familiar and stress-free environment.
Founded this year, The Vets’ mission is all about evolving the pet care landscape by “marrying technological innovation and at-home veterinary care” to benefit both pet owners and veterinarians, the company said. This means improving convenience for pet owners and alleviating veterinarians’ notorious work hours to mitigate “burnout” and the high degree of turnover rates.
The Vets offers services in ten US cities, including Miami, Tampa, Dallas, Austin, Houston, Portland, Seattle, Las Vegas, Denver, and now New York City. The new funding will be used to expand operations and veterinarian recruitment to 25 additional cities by the end of 2022 to meet “the demand of the nearly 106 million American households that own a cat and/or dog,” according to the company.
“For too long, veterinarians have been overworked, underpaid, and under-appreciated. At our core, we believe happy, healthy pets come from happy, healthy vets,” said Daniel Sagis, CEO and co-founder of The Vets. “This funding round will further position The Vets as the next generation of pet healthcare, leveraging preemptive technology, allowing us to strengthen our footprint and penetrate new markets much more efficiently and effectively.”