Kuddly Closes $1.5 Million Seed Round to Accelerate Its Revolutionary Mobile-First Marketplace in the $16 Billion U.S. Veterinary Care Industry
The Industry’s First Global Pet Health Care Marketplace Will Use
Funds to Fuel Growth and Innovation
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Kuddly, a new marketplace using mobile Internet technology to bring
affordable, professional pet health care advice to pet owners directly
via veterinarians worldwide, has announced $1.5 million seed capital
from Exponential Partners. Launched late summer this year, Kuddly is the
first mobile pet health care marketplace of its kind in the $16 billion
veterinary care industry in the U.S. The financing, which closed in
October 2015, will further fuel the company’s innovation and growth. The
seed funding builds on an exciting year for Kuddly, which includes the
launch of its mobile technology marketplace as well as its growth among
veterinarians and pet owners.
“There is a constant interest among veterinary practitioners to grow and
expand business, particularly online,” said Kuddly Co-Founder and Chief
Veterinarian Officer, Lucy O’Byrne, DVM, CVA. “Pet owners are turning to
their smartphones to try to obtain information more than ever. Kuddly is
the first real mobile solution to meet these needs for both pet owners
and veterinarians.”
Exponential Partners is an investment fund in early stage technology
companies, and provides operational and execution support to help
emerging companies grow rapidly with the highest opportunity for
success. Kuddly joins the firm’s portfolio focus of med tech and digital
health, big data, enterprise software, artificial intelligence and
virtual reality.
“The U.S. veterinary care industry is big, but only about 2% of pet
owners today have medical insurance for their pets,” said Ed Pope,
Founder and CEO of Exponential Partners. “Kuddly is poised to help
revolutionize the veterinary care industry through its mobile-first
technology.”
Kuddly is available in both the Apple App Store for iOS and Google Play
store for Android devices. There is also a Chrome App version only for
veterinarians who want to use their laptops or desktops. For more
information about Kuddly, visit www.kuddly.co.
About Kuddly
Admit it, your fur baby is family. So given the choice, when concerns
arise about your four-legged friend, would you rather rely on advice
from “Dr. Internet” or an actual licensed veterinarian? Our app connects
you to veterinarians worldwide. And don’t worry about office hours.
Kuddly vets are available whenever and wherever you need them. For more
information or to download Kuddly on iTunes or Android, visit www.kuddly.co.
About Exponential Partners
Exponential Partners is a highly unique blend of a fund, an accelerator,
and an operating advisor adding the real world experience of dozens of
CEOs who are investors in the fund. Exponential Partners is one of very
few institutional investors providing meaningful capital to early stage
companies, and access to some of the most successful business people in
the world. Visit Exponential Partners via the web at www.exponential.vc.
Contacts
for Kuddly
Nicole Friedman
847-834-0014
Nicole@jillschmidtPR.com
