Today is a very exciting day for a few reasons: Pawp has officially announced we raised a $13M series A. This extraordinary round includes some of the most innovative and forward-thinking investors we could have imagined, like Lux Capital and Good Friends (founders of Warby Parker, Harry's, and Allbirds) with participation from the founders of Ro, Zocdoc, Eight Sleep, Ramp, Better, and Deel.
They believed in the mission and so do we: Pet parents should have access to high quality vet care as well as support in paying for it. Nobody likes thinking of the what-ifs when it comes to a pet emergency, but the reality is that 61% of Americans will eat through their entire savings by the end of 2021. Nearly 25% have no emergency savings at all. We don’t want any pet parent to have to make any difficult medical decisions based on financial constraints.
Pawp offers two immediate solutions: a 24/7 digital clinic for pets, which provides unlimited appointment-free video and text calls with licensed vets; and a $3,000 emergency fund, a safety net for unexpected vet bills. One membership protects up to six dogs and cats in a household.
Pawp’s plan is crafted for pet parents and by pet parents. I am so lucky to work with such a brilliant, passionate, and diverse group of people who make this dream more of a reality every day. This strong, incredible team is growing and we’re looking for like-minded people who are similarly passionate about providing pet parents with the tools they need to improve and extend their pets’ lives. You can find more about Pawp Careers here.
To mark this milestone, we’ve put together some of our favorite press mentions from the day.
"Pawp, a New York-based veterinary telehealth platform, raised $13 million in Series A funding. Lux Capital led the round and was joined by investors including Good Friends (founders of Warby Parker, Harry's, and Allbirds)." - Fortune
"Pawp Inc., a New York-based veterinary telehealth platform, snagged $13 million in Series A financing led by Lux Capital." - WSJ PRO
"Founded in 2019, Pawp offers a subscription app that includes 24/7, unlimited access to real-time support from licensed veterinarian professionals for $24/month and access to a $3,000 annual stipend towards emergency costs. Pawp’s plan covers up to six dogs and cats in any household and is not contingent on age, breed, location, or pre-existing conditions." - Coverager
"Pawp cuddles up to $13M: Veterinary telehealth platform Pawp raised $13 million in a Series A round to continue developing its app-based, subscription service that includes unlimited access and support from licensed veterinarian professionals for $24 per month, as well as access to a $3,000 annual stipend toward emergency costs. Lux Capital led the round, and the New York-based company, founded in September 2020, intends to use the funds to grow its team, on technology development and to expand its capabilities." - Crunchbase
"AlleyWatch caught up with CEO and Cofounder Marc Atiyeh to learn more about how the pandemic not only drove the demand for telehealth vet service but also pet adoptions, the company’s future strategic plans, latest round of funding, which brings the total funding raised to $16.3M, and much, much more." - AlleyWatch
"Pawp's affordable plan covers up to six dogs and cats in any household and is not contingent on age, breed, location, or pre-existing conditions. By adapting human telehealth to solve pet care-specific problems, Pawp is leading the pack as the first and only comprehensive pet telehealth platform with embedded financial protection." - Yahoo! Finance
"According to the American Pets Product Association, Americans spent $99B on their pets in 2020. The company also provides an annual $3,000 emergency safety benefit for emergency vet services that's included within the $24/mo subscription fee. Pawp bridges two markets" - Startup Around