What is Wag!?
Wag! operates a digital platform that connects pet owners with a network of dog walkers, sitters, and boarding hosts. Founded in 2015 and headquartered in West Hollywood, California, the company aims to provide convenient and reliable pet care services. The platform leverages technology to offer on-demand access to a variety of pet services, addressing the needs of busy pet owners.
How much funding has Wag! raised?
Wag! has raised a total of $321.4M across 4 funding rounds:
Angel/Seed
$2.5M
Series B
$15M
Series A
$4M
Private Equity
$300M
Angel/Seed (2015): $2.5M with participation from Social Leverage, Greylock Partners, RRE, Slow Ventures, and Freestyle Capital
Series B (2017): $15M led by Freestyle Capital, Ludlow Ventures, Social Leverage, Greylock Partners, Structure Capital, Slow Ventures, RRE Ventures, and Sherpa Ventures
Series A (2017): $4M supported by Ludlow Ventures, Sherpa Ventures, Freestyle Capital, General Catalyst, and Greylock Partners
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, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide.
Freestyle Capital
Freestyle VC is an early-stage venture capital firm recognized for investing in numerous technology companies, including Airtable and Patreon. The firm focuses on supporting early-stage tech companies during their initial funding rounds, often taking a lead role in seed investments.
Ludlow Ventures
Ludlow Ventures is a venture capital firm that focuses on early-stage investments, emphasizing the importance of building strong relationships with exceptional founders. Operating primarily in Detroit and New York City, Ludlow Ventures has established a strong track record in the market over the past decade.
What's next for Wag!?
With substantial enterprise-level backing and a recent strategic investment, Wag! is positioned for accelerated growth. The company's focus is likely to remain on expanding its service offerings, enhancing its technology infrastructure, and potentially exploring new geographic markets. The significant capital infusion suggests a strategic push towards solidifying its market leadership and further developing its ecosystem for pet care solutions. Future developments may include service diversification and strategic partnerships to enhance user experience and operational efficiency.
See full Wag! company page
