Small Door raises $40 million
Membership-based veterinary care provider Small Door closed a $40 million funding round, bringing its total funding to $63.5 million.
Founded in 2017, the company (a team of ~80) offers a members-only veterinary experience for $169 per pet per year – very different from its original price of $8 for cats $12 for dogs per month. Services include an annual exam, 24/7 telehealth, and same or next day appointments. The included exam can be used for one wellness or sickness visit at any location once a year.
Small Door plans to use the funding to expand beyond their New York home base to five new locations in Boston and Washington, D.C.
“Small Door has two distinct advantages in today’s investment environment – they generate healthy profits and they operate in a sector that is historically recession-proof and currently experiencing accelerating growth. Post-pandemic, pet parents are more obsessed and in love with dogs and cats than ever, and Small Door’s business model is exactly what people are looking for – delivering a personalized, modern, tech-forward approach.” – Investor Laura Sims who is now joining Small Door’s board of directors.
Bottom Line: Small Door accepts all forms of pet insurance, and they’ll help submit a claim. “We can also help advise on the insurance that would be best for you given your particular situation.”