November 11, 2014 0 Comments
According to IBISWorld’s Pet Grooming & Boarding market research report, the pet grooming and boarding industry is one of the few recession-proof sectors in the pet industry, with the need for better boarding facilities being the key factor in the increased growth. As the majority of the population in the US now consider their pet to be a member of the family, traditional kennels are now being shunned by many pet owners, and startups that offer in-home care are now preferred. With a growing number of customers and an estimated market value of $10bn annually, it’s no surprise that investors are likewise starting to sink their teeth into pet boarding marketplaces. Last year, Rover received $7 million in Series B funding led by Foundry Group and Madrona Venture Group. Not to be outdone, DogVacay today raised $25 million in a Series B from Omers Ventures with participation from GSV Capital, First Round Capital, Benchmark, Foundation Capital and DAG Ventures.
You can read about the funding here.
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