Petfolk Raises $40M in Series B Funding to Continue the Evolution of Veterinary Care
Summary
The investment was led by Movendo Capital, a family-backed growth equity investor with a focus on food and beverage, retail, and branded consumer companies throughout Europe and North America. Existing investors including White Star Capital, Idea Farm Ventures, and others, also participated in the round.Petfolk is leading the charge in reshaping the fragmented and understaffed veterinary profession by providing services in-person at state-of-the-art pet care centers, as well as virtually through the Petfolk mobile app. Since its inception, Petfolk has consistently achieved a 90+ Net Promoter Score (NPS), making it the highest-rated veterinary clinic group in every market in which it operates. In particular, Petfolks strong team, led by Dr. Wystrach, along with the high quality of service and attention to detail at their care centers, continue to stand out," says Pedro Pereira Gon\xe7alves, CEO at Movendo Capital. Previously, Dr. Wystrach was the Co-Founder and COO of Zippivet, a de novo multi-practice vet hospital in Austin, Texas, and prior to that, the owner of her own practice that she successfully sold.