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May 13, 2022

 

Invetx, Vet-AI & Fuzzy + Dandy

 

ūüź∂ Industry News

 

Earning Reports from some of the big US pet companies:

  • Trupanion, the second largest US pet insurer, had first quarter revenue of $206 million, a 33% increase from last year. Total enrolled pets was 1,267,253, an increase of 34%.
  • PetMed Express, an online pet pharmacy, had first quarter sales of $66 million, a decrease of 8% from last year. The company is trying to morph from a pure ecommerce business into a broader pet health brand. It’s recent partnership with telehealth startup¬†Vetster¬†hopes to lead the way.
  • Elanco, a pharmaceutical company that makes products for pets and livestock, had first quarter revenue of $1.2¬†billion, a decrease of 1% from last year. Pet meds make up more than 50% of the company’s sales.¬†

– ¬†Interesting¬†profile¬†of¬†PetDx, a San Diego startup that screens for cancer in dogs. A recent trial of 1,100 dogs demonstrated that while the test is accurate, there may a problem for pet parents in figuring out how to proceed after a positive diagnosis: there simply aren’t many treatment options for dogs with cancer.¬†

 

 

ūüíį Financing & Deals

 

‚ÄĘ Invetx,¬†a Boston startup that is creating¬†biotherapeutics (drugs made from living cells) for pets,¬†raised a $60.5 million Series B round. Founded in 2018, the company expects to roll out its first product in 2025.

‚ÄĘ Vet-AI, a UK startup that created a pet symptom checker app, has received funding from dog food company¬†Hill’s Pet Nutrition. Founded in 2017, Vet-AI has raised over $15 million to date.

‚ÄĘ Fuzzy, a San Francisco vet telehealth company, acquired¬†Dandy, a pet supplement startup.¬†Founded in 2016, Fuzzy has raised over $80 million to date and has facilitated over 1 million online consultations. Dandy was founded 2 years ago and uses big data to create personalized supplement and vitamin packs.

ūü§∑ Somewhat Relevant

 

‚ÄĘ Whisker,¬†makers of the popular self-cleaning litterbox,¬†Litter Robot, has¬†released a¬†new version¬†that uses AI to learn about your cat and its bathroom usage.

‚ÄĘ Dogs that are fed only once per day¬†tend to be healthier¬†according to the¬†Dog Aging Project.

‚ÄĘ A UK dog groomer who started posting¬†live streams of her grooming sessions, has surpassed¬†30 million views.

ūüíľÔłŹ Pet Industry Jobs

 

‚ÄĘ Senior Business Operation Manager¬†–¬†Modern Animal¬†(Los Angeles)

‚ÄĘ Account-Based Marketing Specialist¬†–¬†PetDine¬†(Colorado)

‚ÄĘ Digital Marketing Specialist¬†–¬†Kong¬†(Colorado)

  My Dog is a Robot covers the pet technology industry. Keep up with the latest news about products, services and companies in the pet tech space.   Contact Us

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