Petfolk raises $40 million

Petfolk, “a modern vet practice,” announced the closing of a $40 million Series A round led by White Star Capital and Michael Wystrach, founder of Freshly (sold to Nestle for ~$1.5b including earnouts), with participation from Triple Point Capital, and others.

Founded by Co-CEOs Dr. Audrey Wystrach, a veterinarian, and her brother Michael Wystrach, Petfolk launched in 2020 and is currently operating in North Carolina, South Carolina, Georgia, and Florida, and will see over 40,000 pets this year representing a 5,000% year over year growth. The startup, which accepts insurance, provides in-person care, virtual care, and instant care, and cat and dog owners can choose between individual services or wellness packages, which include vaccines, tests, and more.

“Our aim is to be the most loved, fastest growing and eventually largest vet service provider in the country. We are very unique in the space because we are long-term builders who believe there is opportunity to drastically improve the veterinary service industry for both the vet staff and pet parents.” – Petfolk co-CEO and founder Michael Wystrach.