TORONTO — Pet care marketplace Vetster announced that it has raised $30 million in a funding round.
The oversubscribed Series B round was led by Kensington Capital Partners existing investors Whitecap Venture Partners and Brightspark Ventures. PetMed Express Inc. (NASDAQ: PETS), an online pet pharmacy known as PetMeds, joined the round as an investor and strategic partner “to bring Vetster’s pet care marketplace and telehealth services to millions of pet parents across the United States,” according to a press release.
“Vetster has established trust with pet owners and veterinarians alike, by offering choice, flexibility and a seamless mobile experience that fundamentally transforms pet care,” said Mark Bordo, CEO and co-founder of Vetster. “This round and our game-changing partnership with PetMeds, will allow us to empower more pet parents and veterinary professionals by vastly expanding availability and access to Vetster.com across North America and around the world.”
Win Bear, managing director of Kensington Capital Partners, said, “Vetster’s growth trajectory has developed rapidly, and we are proud to help fuel their vision to become the global leader in virtual-first data-driven pet care. The seasoned team, scalable marketplace, seamless virtual appointment experience, and improved pet outcomes will unlock massive growth while stewarding best-practices for the $100B pet care industry.”
Matt Hulett, CEO and president of PetMed Express, said, “Our investment and exclusive partnership with Vetster brings together pet telehealth and pharmacy solutions in a seamless digital experience, unprecedented in the industry. Together, we will set the standard of virtual care and pharmaceutical fulfillment services for millions of pet owners and their veterinary professionals.”
