Home / Software & Service News / Rover.com fetches $40 million to grow its dog-sitting platform

Rover.com fetches $40 million to grow its dog-sitting platform

A happy German Shepherd mix breed dog

Rover.com, the online platform that connects dog owners with a range of services such as dog walking and doggy day care, has raised $40 million in a Series E round led by Foundry Group and Menlo Ventures, with participation from Madrona Venture Group.

Rover Cards

Above: Rover Cards

Founded out of Seattle in 2011, Rover lets you sign up as a service provider or a dog owner, with a simple online form that facilitates search for a specific offering, including dog-boarding, house-sitting, and drop-in visits. The company also recently introduced Rover Cards to its mobile apps, letting care providers share real-time information with the dog’s owners, such as a GPS-powered map of the dog’s walk, photos, and other messages.

A number of similar companies have sprung up over the years, including Jogs for Dogs and the now-defunct Stayhound. But Rover is slowly emerging as a preeminent brand in the pet-sitting space, claiming 65,000 sitters and dog walkers across the U.S., while boasting that it “tripled” its revenues last year (though it hasn’t provided any real numbers).

However, Rover has now raised around $90 million in funding to date, garnering around $50 million over a number of rounds dating back to 2012. Its latest cash injection will be used to continue “redefining the pet care space through product developments, geographical expansion and continued market growth,” according to a statement. Additionally, the company may pursue mergers and acquisitions.

“Every once in a while, you have the opportunity to back a category-defining company,” said Venky Ganesan, managing director at Menlo Ventures. “At Menlo, we have been fortunate to back companies like Uber, Siri, Hotmail and Gilead Sciences. Rover is on that trajectory, and that’s why we decided to double down and go all in on this investment.”

Sign up for Funding Daily: Get the latest news in your inbox every weekday.

Click Here For Original Source Of The Article

About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

Check Also

Elon Musk says Tesla Semi trucks are BAMFs


Elon Musk says Tesla's new Semi trucks are BAMFs.

Yes, for those of you at home, that's the widely known acronym for "Bad Ass Mother F***er."

Musk playfully threw out the acronym as a "scientific term" Tesla's development team used as they designed the new big rigs. The name sounds ridiculous — but the specs, if they wind up being legit, are actually pretty impressive.

Musk claims the Semi can accelerate from 0 to 60 mph in just five seconds, well faster than traditional diesel trucks. That's the cab by itself or with an empty trailer loaded on. Read more...

More about Tesla, Tesla Motors, Tesla Semi, Tech, and Elon Musk