Pet Sitter Network is “Top Dog” with $155 Million In New Capital
Rover.com, a national pet care network, secured $125 million in new capital led by funds and accounts advised by T. Rowe Price Associates, Inc., as well as a $30 million credit facility with Silicon Valley Bank, bringing Rover’s available cash to over $200 million. Other key investors include Winslow Capital and Cross Creek. Existing shareholders TCV, Greenspring Associates and Spark Capital also participated.
According to the company, Rover connects dog owners with pet sitting, dog walking, in-home dog boarding, and doggy day care. The company offers a Rover Guarantee, 24/7 support, background checks, vet consultations, GPS walk tracking, and a pet sitting and dog walking app. Rover’s blog, Daily Treat, provides readers with tips and articles.
Rover plans to use the funding to expand internationally, increase market share for its on-demand walking service, enhance its core offerings, and introduce new service adjacencies.
