January 16, 2024

L Catterton Makes Strategic Investment in Sploot Veterinary Care

L Catterton, a leading global consumer-focused investment firm, has announced that it has made a strategic investment in Sploot Veterinary Care, an innovative, technology-driven and comprehensive veterinary care platform providing an elevated experience to pets, pet parents and veterinary professionals.

Sploot is revolutionizing veterinary care with its focus on delivering a convenient, accessible and pet-parent centric primary care and urgent care experience. Sploot fulfills 95 percent of pet care needs through an integrated and inviting clinic experience. Its breadth of services spans from routine checkups to dental treatments and surgeries, extending to urgent care and emergency – all under one roof. Sploot’s forward-thinking approach ensures a personalized and effortless experience for every pet and their parent, reflecting the company’s pledge to accessible, modern pet care.

Sploot currently operates seven clinics across Denver and Chicago, with an additional clinic expected to open this month. This investment will support Sploot’s long-term growth and strategic objectives, enabling the company to accelerate the expansion of its differentiated approach and execute on its mission of improving the lives of pets, pet parents and veterinary professionals.

“We are incredibly excited to work with L Catterton – a partner with leadership in consumer brand-building as well as deep expertise in our category – to help Sploot become the go-to provider of modern veterinary care across the country,” said Gil Bolotin, Co-Founder and Co-CEO of Sploot. “We know firsthand the challenges of navigating today’s fragmented veterinary care landscape. Yoav and I founded Sploot with the purpose of transcending the traditional boundaries of veterinary clinics and creating a more reliable and stress-free experience – one that prioritizes unparalleled accessibility and quality of care – in one progressive, digital-forward platform.”

“While a commitment to innovation is core to Sploot’s mission, what truly sets us apart is our world-class team of veterinary professionals that are committed to providing customers with a personalized and comprehensive care experience 365 days a year,” said Yoav Mordowicz, Co-Founder and Co-CEO of Sploot. “Building and growing our unique culture – where our veterinarians get the same white glove treatment as our pets and parents – will continue to be an essential part of our success. We are thrilled to partner with Catterton, a team that that not only brings unparalleled expertise in the veterinary space but also shares these values as well as a commitment to our providers.”

“With the number of pet owners continuing to grow nationwide, and more owners proactively prioritizing the health and wellness of their pets, Gil, Yoav and the entire Sploot team’s approach to pet care is redefining what today’s veterinary care can – and should – look like,” said Michael Farello, a Managing Partner of the Growth Fund at L Catterton. “We believe there are a number of exciting opportunities ahead to expand the company’s footprint in new and existing markets, while continuing to enhance Sploot’s digitally enhanced solutions. We look forward to bringing our deep expertise in the veterinary care space to this partnership to support the Sploot team’s long-term vision and continue to blaze the trail of veterinary excellence.”

L Catterton has significant experience investing in and building brands within the pet care space globally, including Alliance Animal Health, Butternut Box, Canidae, Drools, Harringtons, Instinct, JustFoodForDogs, Lily’s Kitchen, Old Mother Hubbard, Partner Pet, Petlove, PetVet Care Centers, Pure & Natural, Rachael Ray Nutrish and Withmal.

L Catterton will join existing investor Skydeck Capital.


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