The Brighton-based pet lover community is on a mission to create a world where pets enjoy their owners’ vacations as much as they do, TrustedHousesitters has announced it has secured $ 10 million in Series A funding. The world’s largest pet-sitting network will use the funding to further expand into the U.S. market. Despite travel restrictions over the past 18 months, the company is already recording revenues twice as high as pre-pandemic levels.
Increasing global demand for pets
The pandemic has seen a huge increase in global demand for pets, with 3.2 million UK households acquiring a pet after the lockdown, according to Pet Food’s annual pet population report Manufacturers’ Association, bringing the total number of pets in the UK to 34 million. In the United States, this translated to an all-time high of $ 8 billion spent on pet services, including pet sitting.
Exchange of value between pet owners and pet sitters
As pet ownership increases, more and more people are looking for alternatives to boarding pets in unfamiliar environments that can cause stress and separation anxiety for pets and their owners. TrustedHousesitters enables a value exchange between pet owners and pet sitters – for Â£ 99 per year, owners have access to an unlimited number of pet sitters through a network of caring sitters who volunteer their services for a welcoming place to stay on their unique travel lifestyles and a shared love of pets.
4 million nights of pet care in 130 countries
Today, as travel – both international and domestic – reopens and working remotely empowers more people to become digital nomads, the startup has seen more than 30,000 new member owners and goalkeepers since the start of 2021.
Founded in 2010, the pet and animal care platform has now facilitated more than four million nights of pet care in 130 countries. The $ 10 million from Rockpool Investments is the company’s first round of investment and will help the company grow its membership base, with a particular focus on California.
Familiar and safe environment for pets
“We are excited to expand our member base in the United States and around the world and assure new and existing pet owners that they can travel hassle-free knowing that a verified sitter is taking care of their pets. as if they were theirs, âsaid Mathew. Previously, CEO of TrustedHousesitters. âOur sitters provide true love and personal care from the comfort of the pet’s home, so owners don’t have to worry about making their beloved pets feel anxious about their pets. ‘be separated from their own familiar and safe environment. “
US extension on cards
âThere is no better time than now to invest in a company with such enormous growth potential as TrustedHousesitters,â said Guy Ellis, chief investment officer at Rockpool. “Seeing a UK company take the lead, allowing pet owners to travel with confidence as the world opens again, is just the kind of good news everyone needs right now.”
In 2020, the startup was selected to participate in Tech Nation’s Upscale program. The company also announced the appointment of Brock Weatherup to its board of directors. As CEO of Metamorphosis Partners and former Executive Vice President of PetCo, Weatherup has been a driving force in the US pet care industry and brings with it expertise in this growing market and is also an investor in this series A.