SANTA MONICA, Calif.--(EON: Enhanced Online News)--DogVacay.com (www.DogVacay.com), the leading online and mobile pet services community, today announced that it raised $15 million in Series B funding led by Foundation Capital. Current investors, including Benchmark and First Round Capital, along with new investors DAG Ventures and Sherpa Ventures, contributed to the round. DogVacay provides dog owners access to more than 10,000 qualified and trusted hosts across the nation for less than half the cost of a kennel. Every booking includes free pet insurance and 24/7 customer support.
“With pet care representing an $11 billion market in the US, DogVacay is poised to own the space and we look forward to working closely with their talented team.”
The funding, which brings the total amount raised to $22 million, will enable DogVacay to further invest in innovative customer service offerings transforming the $11 billion pet care industry.
“We’re thrilled to be working with Foundation Capital given its deep roots in entrepreneurship,” said Aaron Hirschhorn, co-founder and “Top Dog” of DogVacay. “This amazing group of investors shares our long-term vision for DogVacay and we couldn’t be more grateful to have them as part of the pack as we expand into our new and exciting services for our community.”
“For pet owners, the DogVacay experience is transformative. DogVacay consistently delivers off-the-charts satisfaction for both buyers and sellers, which has led to hyper-growth and quickly established the company as the clear leader in the industry,” said Charles Moldow, general partner at Foundation Capital. “With pet care representing an $11 billion market in the US, DogVacay is poised to own the space and we look forward to working closely with their talented team."
"DogVacay's momentum since we originally invested is similar to the trajectory we saw in other marketplace companies such as eBay, Yelp, Uber and GrubHub," said Bill Gurley, general partner at Benchmark and member of DogVacay’s board of directors. "The remarkable organic traction of its marketplace shows no sign of slowing down, and we're delighted with the impressive trajectory that lies ahead."
Since launching in March 2012, DogVacay’s consistent month-over-month growth is exemplary of hundreds of thousands of dog overnights booked across the U.S. and Canada. Last month, DogVacay debuted the first app to enable pet owners to find and book a dog sitter in their area. DogVacay has more than 10,000 hosts in its community with an average rating of 4.97 out of 5 stars.
DogVacay.com is an online and mobile community that connects dog parents in need of pet-care services (home dog boarding, pet sitting, doggie daycare) with qualified pet caregivers. Forget the kennel! Find a dog sitter in your neighborhood with DogVacay.com. We have thousands of vetted and insured dog lovers across the country ready to watch your dog like a member of their family. Simply browse hosts in your area, schedule and book online. Rates start at $15/night, and all reservations include complimentary insurance, 24/7 customer support, and daily photo updates. DogVacay was founded by entrepreneurs Aaron and Karine Hirschhorn in March 2012.
About Foundation Capital
At Foundation Capital, we’re dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. We helped Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. We're currently invested in more than 80 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including BoardVantage, Chegg, Coverity, Lending Club, MobileIron, Simply Hired, Sunrun, TubeMogul and Venafi. Foundation Capital’s nineteen initial public offerings include Control4, Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, please visit www.foundationcapital.com.