BabelBark believes it can create a billion dollar pet business (apps)
Babelbark is an app that connects pet parents, pet businesses, vet clinics and shelters. But it has plans to be much more than that.
In an interview on the StartUp Diary podcast, CEO Roy Stein stated that the company believes that it can create a billion dollar platform business, along the lines of Etsy or Airbnb. A platform is a business model that connects consumers and producers in a marketplace.
Stein also mentioned that the company had over 300,000 pet parent users and over 1,200 business clients. The app works on a freemium model for pet owners, who can upgrade for $2.65 per month. Veterinarian clients are charged $129 per month. Stein stated that the company will began expanding its platform into Europe this summer.
BabelBark raised $4.5 million in Series A financing in 2018, bringing its total funding amount to $8.6 million.