Pawp raises $13 million
Pawp , the NY-based digital, D2C pet supplies and services company, has raised $13 million in Series A funding led by Lux Capital with participation from Good Friends (founders of Warby Parker, Harry’s, and Allbirds) and follow-on from earlier investors. The round also includes participation from Ro, ZocDoc, and Eight Sleep, as well as founders of Ramp, Better, and Deel, among other innovators.
“We believe Pawp will transform the pet industry by eliminating the friction between the digital and physical worlds when it comes to accessing quality care for your pet. The pandemic has accelerated the already high-growth market for both telehealth and pet care, and we’re excited to be a part of Pawp’s bold and empathetic application of its technology to alleviate two major pain points for pet owners — access to high-quality vet care and help paying for it.” – Lux Capital Partner Zack Schildhorn.
Founded in 2019, Pawp offers a subscription app that includes 24/7, unlimited access to real-time support from licensed veterinarian professionals for $19/month and access to a $3,000 annual stipend towards emergency costs. Pawp’s plan covers up to six dogs and cats in any household and is not contingent on age, breed, location, or pre-existing conditions.
“We founded Pawp to democratize pet care . Our approach is uniquely attractive to pet parents, offering one affordable plan that covers every dog and cat in the family. Our first-of-its-kind solution marries the power and accessibility of 24/7 telehealth with the guarantee of financial security, providing pet parents with some well-deserved peace of mind.” – Pawp CEO and Founder Marc Atiyeh.