PetPair, the foster-powered pet adoption marketplace, is excited to announce it has closed a $1.1 million pre-seed round for a total of $1.2 million raised to date. The financing round was led by Bling Capital with participation from Expansion Ventures, Divide by Zero, Newlin Ventures, Great Oaks VC, Hornet Ventures and strategic angels.
PetPair helps shelters improve save rates and reduce costs by providing access to a ready-made, nationwide network of fosters. PetPair moves adoptable animals from shelters to local foster homes as quickly as possible. In the foster home, the animal benefits from a calm, stable environment with ample human attention and more directed training.
PetPair’s Foster-Centric operational model unifies animal welfare organizations (AWOs), volunteers and pet-centric businesses around the all-important adoption outcome. The Foster-Centric Model was pioneered by Maddie’s Fund and American Pets Alive.
Fosters are the key to creating a nationwide sea-change in animal welfare,” said Daniel Miyares, CEO and co-founder of PetPair. “In a few years, we see PetPair maintaining a community of fosters numbering in the tens and hundreds of thousands, providing homes for millions of pets each year and powering recommendations for the $100 billion of pet products and services.”
Currently, PetPair works with AWOs in the Southwestern United States, where high animal counts and shelter capacity issues are the norm. By providing shelters with access to the nationwide network, PetPair is able to assist in placing all pets, even in initially unadoptable cases. As animal control officer Jason Poulter describes: “No other rescues or shelters would touch this dog and PetPair found an adopter. We’re so lucky to be working together!”