Petfolk Raises $40M In Series B Funding

Petfolk, a Charlotte, NC-based modern veterinary care company providing services for pets, pet owners, and veterinarians, raised $40M in Series B funding.

The round was led by Movendo Capital, with participation from White Star Capital, Idea Farm Ventures, and other.

The company intends to use the funds to expand operations and its business reach.

Led by Founder and CEO Dr. Audrey Wystrach, Petfolk specializes in pet care providing a community of knowledge and accessible solutions. The company offers 24/7 virtual and instant care, mobile pet care centers, technology for personalized and transparent care plans, a vet-minded employment model, and physical spaces. The Petfolk Partner Program provides veterinarians with the opportunity to advance their careers, progressing from Associate Veterinarians to Partner Veterinarians over time and giving them shared economics in their clinics and equity ownership in Petfolk. This allows veterinarians to have ownership without taking on the risks of starting their own practice, as no buy-in is required.

Since 2021, Petfolk has grown from a single location in Charlotte, North Carolina to 11 total locations expected by the end of 2023, with an additional 20 locations planned for 2024. Current locations are in North Carolina, South Carolina, Georgia, and Florida.