What is Wag!?
Wag Labs, Inc., founded in 2015 and headquartered in West Hollywood, California, offers a comprehensive on-demand platform connecting pet owners with dog walkers, sitters, and boarding hosts. The company has established itself as a key player in the rapidly expanding pet care technology sector, leveraging its mobile-first approach to provide convenient and reliable services for pet owners. The consistent capital infusions indicate a strong investor confidence in Wag!'s business model and its ability to scale within the pet services market.
How much funding has Wag! raised?
Wag! has raised a total of $321.4M across 4 funding rounds:
Angel/Seed
$2.5M
Series A
$4M
Series B
$15M
Private Equity
$300M
Angel/Seed (2015): $2.5M with participation from Social Leverage, Greylock Partners, RRE, Freestyle Capital, and Slow Ventures
Series A (2017): $4M led by General Catalyst, Freestyle Capital, Greylock Partners, Sherpa Ventures, and Ludlow Ventures
Series B (2017): $15M supported by Social Leverage, Ludlow Ventures, Freestyle Capital, Greylock Partners, Sherpa Ventures, Structure Capital, RRE Ventures, and Slow Ventures
Private Equity (2018): $300M featuring SoftBank Corp
Key Investors in Wag!
SoftBank Corp
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, SoftBank Group supports the development and scaling of transformative technologies worldwide.
Social Leverage
Social Leverage is a partnership that invests in exceptional entrepreneurs in the technology space. The company partners with promising companies, bringing the company's own entrepreneurial expertise, relationships, and marketing experience to the fore.
Greylock Partners
Greylock is one of the oldest U.S. venture capital firms, founded in 1965 and now headquartered in Menlo Park, California. The firm focuses on early-stage technology companies in sectors such as consumer internet, enterprise software, infrastructure, AI, cybersecurity, and fintech.
What's next for Wag!?
The substantial enterprise-level funding and recent strategic investment signal Wag!'s readiness for accelerated expansion and potential market consolidation. With a robust financial backing, the company is poised to enhance its service offerings, potentially expand into new geographic markets, and further develop its technology infrastructure. This strategic capital infusion is expected to fortify Wag!'s competitive advantage and support its long-term growth objectives in the dynamic pet care industry.
See full Wag! company page
