California-headquartered a pet boarding marketplace DogVacay, has secured USD 25 million in Series B round led by Omers Capital, GSV Capital with participation from existing investors Science Inc., First Round Capital, Benchmark Foundation Capital and DAG Ventures.
As per Fortune report, It will use the raised funds to expand internationally, as it currently only operates in the U.S. and Canada, and will invest towards building out the services such as boarding, day care, walking ,training, grooming and improving the quality of the product. The company also posted the news via a Twitter Post:
— DogVacay (@DogVacay) November 10, 2014
“We have offices all around the world, we are a large, large organization, and we’re in a unique position to leverage that,” CEO Aaron Hirschhorn said. “I’m looking forward to helping them break into Europe and other markets.”
Founded in 2012, its services have been called ‘Airbnb for Dogs’. It allows dog owners in 3,000 cities to hire one of its 20,000 dog-sitters for their pets while they are away. Previously, it had received USD 15 million in Series B, USD 7 million in Series A and an undisclosed amount from Andreessen Horowitz. Till, date, including this round, the company has secured a total funding of USD 47 million in five rounds from 19 investors.
It is directly competing with Seattle-based Rover.com operates in several thousand cities and has raised USD 25.9 million in funding from investors including PetCo.