DogVacay, the site that vets dog-sitters for owners going out of town, has raised $25 million in a Series B round led by OMERS Ventures.
Chief Executive Aaron Hirschhorn said the money primarily will be used for three objectives: improving the product, maintaining customer care and expanding overseas.
The Santa Monica company hopes to soon offer other services such as daycare, training and walking. DogVacay has experienced rapid growth in recent months, and Hirschhorn said he was determined to keep quality customer care a priority.
DogVacay was approached by OMERS Ventures, the investment arm of Canadian pension fund OMERS, about a possible partnership. Hirschhorn said OMERS Ventures and his company had similar goals in mind, which included marking their territory in the international pet space.
“OMERS is a great partner,” Hirschhorn said. “They’re based in Canada, and they have tremendous amount of experience in the EU as well.”
GSV Capital and existing investors Science Inc., First Round Capital, Benchmark, Foundation Capital and DAG Ventures also participated in the round. DogVacay has now raised $47 million to date.
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