Petfolk, a leading provider of veterinary and urgent care through a network of connected care clinics, announced it has received a $36 million Series C investment led by Deerfield Management. And existing investors Movendo Capital, White Star Capital, Cutting Horse VC, Idea Farm Ventures, and Parkview International participated in the round.
Petfolk is transforming veterinary care to bring a best-in-class care experience to pets and pet parents. And through its “connected care” model, Petfolk combines modern facilities with 24/7 app-based virtual care to provide exceptional care that meets the needs of today’s modern pet parents who seek both convenience and reliability.
Petfolk is built to support today’s veterinarians through providing support, training, and opportunity through its deep focus on culture and community. Launched and led by Dr. Audrey Wystrach, DVM, Petfolk and its differentiated approach are products of her more than thirty years of experience as a practicing veterinarian. This innovative model has contributed to Petfolk earning a top five ranking on Newsweek’s 2024 list of Global Most Loved Workplaces.
Petfolk operates nineteen veterinary clinics across seven markets (Charlotte, Raleigh, Atlanta, Orlando, Dallas, Houston, and San Antonio), with additional new clinics opening in multiple markets, including Miami and Phoenix, in the coming months. And by year-end 2025, Petfolk’s clinic network is expected to expand to approximately forty clinics across over ten major metro markets.
KEY QUOTES:
“Since inception, our entire team has been uniquely focused on creating a better experience for everyone involved in the veterinary care journey. As we continue to grow, we are incredibly excited to have Deerfield as an investment partner given their dedicated focus on supporting healthcare companies that drive innovation and excellence in practice.”
– Dr. Wystrach
“Over the next decade, the landscape of veterinary medicine is poised to transform as pet parents seek care that is both high-quality and easily accessible. Veterinarians are also likely to choose to work for organizations that foster culture and support personal development. Petfolk demonstrates a remarkable commitment to elevating the veterinary profession.”
– Kevin Berg, Senior Advisor at Deerfield
