The Vets Holding Inc.
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The Vets Holding Inc. - overview
Established
2020
Location
New York, NY, US
Primary Industry
Consumer Services
About
The Vets Holding Inc. is a US-based company delivering mobile veterinary services directly to pet owners’ homes, enhancing convenience and comfort in pet care while addressing common challenges associated with traditional veterinary visits. Founded in 2020 in New York, The Vets Holding Inc. provides mobile veterinary services that cater to pet owners, allowing them to receive care at home.
The company has successfully raised funding through three deals, with the latest round being a Seed round in October 2024, securing USD 40. 00 mn from investors including Bolt Ventures, PICO Venture Partners, and Target Global. The current valuation of the company stands at USD 156. 61 mn.
Dori Fussmann is the founder of The Vets, bringing experience from her previous ventures in the industry. The Vets specializes in providing mobile veterinary services directly to pet owners' homes, enhancing the convenience and comfort of pet care. Their core offerings include wellness exams, sick visits, vaccinations, home lab tests, microchipping, and nutrition consulting. By eliminating the need for in-clinic visits, The Vets addresses common pain points such as stress associated with transporting pets and crowded waiting rooms.
The services are tailored to a wide range of pet owners, including those with multiple pets, allowing for a single at-home visit to cater to the entire household. The Vets operates across multiple major cities throughout the United States, including but not limited to Austin, Boston, Los Angeles, Miami, and Seattle, ensuring a broad geographical reach. Revenue generation for The Vets is structured around direct-to-consumer transactions facilitated through their mobile service model. Pet owners can book appointments online for a variety of services, with pricing structured around individual visits or membership plans.
Membership, known as Total Wellness™, encompasses a comprehensive suite of services, including routine check-ups and essential vaccinations, thus fostering customer loyalty and repeat business. The company also accommodates urgent care needs by offering same-day or next-day appointments for sick pets, although it does not provide emergency services. This operational model effectively positions The Vets to generate consistent revenue through both one-time visits and ongoing memberships, catering to the needs of pet owners seeking convenient, high-quality veterinary care at home. In October 2024, The Vets Holding Inc.
raised an undisclosed amount of growth funding from new investor Alta Partners and returning investor Target Global, as part of a larger funding initiative. The company intends to use this funding to further accelerate the growth and reach of the merged entity, The Vets. Future plans include the launch of new products tailored to enhance their mobile service offerings and expansion into additional markets. Specific markets targeted for growth include cities on the East Coast and further development in the Midwest by the end of 2025.
Current Investors
Target Global, Bolt Ventures, PICO Venture Partners
Primary Industry
Consumer Services
Sub Industries
Consumer Services, Web Applications
Website
www.thevets.com/
Verticals
HealthTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
The Vets Holding Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Better Vet LLC | - |
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