Fuzzy, a veterinary startup based in San Francisco, has closed a $44 million venture round to bring 24/7 exceptional digital veterinary care to pet owners with an affordable and straightforward membership.
The funding round was led by Icon Ventures with participation from existing investors like Greycroft, Matrix, and Crosscut. Several veterinary clinic groups in the US, UK, and Germany, as well as angel investors like Mark Vadon and Jose Feliciano, also participated. This brings the total funding raised by Fuzzy to $80.5 million. Tom Mawhinney, General Partner at Icon Ventures, referred to the firm’s participation by stating:
“Fuzzy is rethinking how pets and their owners receive veterinary care in a way that’s improving outcomes, as well as relieving strain on the veterinarians themselves. We believe telemedicine and Fuzzy’s always-on approach to care will transform pet ownership for millions of households across the U.S. and the globe, very similarly to how telemedicine has reshaped human patient and doctor care for the better.”
Fuzzy was founded with the mission to broaden access to veterinary health and preventive pet health education for millions of pet parents. The startup achieves this by using proprietary and innovative telemedicine software to connect users with experienced professionals while also shipping medications, food, and supplements to pet parents. Zubin Bhettay, co-founder and CEO of Fuzzy, said about this mission:
“Pet care has become so prohibitively expensive that it’s leading to some shockingly sad statistics around euthanasia and pet abandonment. With the explosion of pet adoption we’ve also seen veterinary clinics be overrun, causing scarcity of appointments and veterinarian burn out. We believe the industry has to find new ways to address the strain on veterinarians and use technology to deliver care efficiently, where possible. Fuzzy is making it possible for veterinary clinics to free up their schedules and use their time more productively.”
According to the American Pet Products Association, a total of $103 billion were spent on pet-related expenses in the United States with more than 90.5 million homes owning a pet. Fuzzy is looking to capitalize on the increasing number of pet owners not only by operating in more than 25 locations but also by offering high-quality service and convenience, all while also helping the increasingly exhausted veterinary community to better manage their schedules.