Before this week we wrote about how two significant players in the pet-care small business, Rover and DogVacay, determined to merge. Well, sources explain to us that above the past two years Wag, yet another player in the puppy-walking place, raised two rounds of funding to support expansion into new marketplaces.
Whilst it is uncomplicated to lump Wag, DogVacay and Rover together, there are some critical discrepancies in the way they work. DogVacay and Rover work on additional of a marketplace model, where pet sitters or puppy walkers connect instantly with pet owners prior to a pet changing fingers.
In contrast, Wag offers more of an on-demand practical experience where the corporation pre-screens walkers and sends whoever is accessible to stroll a puppy when a ask for will come in. As a end result, Wag operates additional like Uber or Lyft than Airbnb, equally in phrases of its screening course of action for walkers and expansion into new marketplaces.
Even so, Wag has been coming into new marketplaces at a standard tempo. The past time we wrote about Wag, just about two a long time ago, the corporation experienced just launched its on-demand puppy-walking service in San Francisco. Due to the fact then, the corporation, which was launched in Los Angeles, has included a variety of other cities where consumers can ask for puppy walkers. Wag walkers are accessible in areas like Austin, Boston, Chicago, Denver, Miami, New York, Orange County, Portland, San Diego, San Jose, Seattle and Washington, D.C.
To support its regional expansion, the corporation has raised a few of rounds of funding that experienced formerly gone unannounced. Over the past two a long time the corporation has raised a Series A round from General Catalyst and Series B round from Sherpa Ventures.
With each other, people two rounds of funding included up to about $19 million, sources explain to us, with GC primary a $4 million round and Sherpa putting in $fifteen million past fall. That money comes on top of the $two.4 million in seed funding Wag raised from traders that involve Freestyle Money, CrunchFund, Greylock, Ludlow Ventures, RRE Ventures, Slow Ventures, Social Leverage and Construction Money.
Representatives from Wag and General Catalyst declined to comment, although representatives from Sherpa did not reply to our request.
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