Israeli startup The Vets has raised $40 million in seed funding headed by the company co-founder Target Global, PICO Venture Partners, and Bolt Ventures.
The Vets has established a platform for veterinary services in the United States with the mission of offering complete at-home pet care.
The Vets’ specialists can meet with each family to address medical issues and preventative care while observing the pet(s) in their natural surroundings.
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Additionally, they educate clients and provide nutrition information, which is documented in the pet’s profile.
The Vets is meeting the demand of the nearly 106 million American households that own a dog and/or cat, according to the American Pet Products Association (APPA).
The Vets was founded in 2020 by CEO Daniel Sagis, COO Dori Fussmann, in collaboration with Shmuel Chafets, the co-founder of Target Global VC.
Daniel Sagis is co-founder of Hive Media, which was acquired by OpenWeb earlier this month for $60 million.
The Vets served over 7,000 pets since its launch in early 2021. It employs 130 people. Few dozens in headquarter and R&D in Israel. Currently, the company works with 30 mobile veterinary teams and serves Miami, Tampa, Dallas, Austin, Houston, Portland, Seattle, Las Vegas, Denver, and New York City. The Vets expects to expand to 25 locations by the end of 2022.
“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.”
“As the pet care industry doubles over the next decade, the healthcare system around it is fundamentally flawed,” said Shmuel Chafets. “We were energized by The Vets’ willingness to challenge the $120 billion pet care industry and wanted to build a consumer brand together that would bring true value to veterinarians and pet owners by addressing the problem head-on.”