New York-based pet care startup The Vets has grabbed $40 million in seed funding co-led by Target Global, Pico Venture Partners and Bolt Ventures. The Vets provides at-home animal treatment, including wellness exams, lab tests and vaccinations.
Powered by over 130 employees, the startup operates throughout nine cities, with plans to expand to 25 by the end of the year. The company is currently operating in Miami, Tampa, Dallas, Austin, Houston, Portland, Seattle, Las Vegas, Denver and has just announced the launch of New York City.
“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,” added Daniel Sagis.
Founded in 2021 as part of co-founder Target Global’s venture building program, The Vets is a tech-enabled veterinary care provider, bringing comprehensive pet care into the comfort of home.
The company is building a team of veterinarians supported through training, development and advanced medical technologies to deliver comprehensive healthcare for pets, all in a stress-free environment.
According to APPA, more than 106 million American households have at least a dog or a cat, which has increased the demand for veterinarians and quality service, resulting in burned-out professionals and increased turnover.
According to the AVMA and Association of Veterinary Technician Educators, veterinarian turnover is 2x that of a physician, with 35 percent of vet techs eventually burning out and a half leaving the profession within five years.
To address this growing issue, compared to working 5-6 days and seeing more than 20 pets a day, The Vets promote 4-day work weeks and a daily appointment limit for veterinarians to ensure their well-being stays top-of-mind.