Vetwork, a petcare at home platform that connects pet parents with pet care service providers, has secured investment in a Bridge round.
Time to make clear-cut decisions? Subscribe to our platform for dynamic real-time data at your fingertips.
Egypt-based petcare at home platform Vetwork has closed a Bridge round with the participation of Investors from Alexandria Angel Network, individual Saudi Investors, as well as Financial Support from Nestlé Purina and conducting a POC (proof of concept) together. Founded by Fady Azzouny and co-founded by Adam Hafez, Vetwork aims to connect pet parents with pet care service providers in a timely manner and conveniently at home.
As recorded in our Egypt Q1 2022 Venture Investment Report, Egypt has recorded a QoQ growth of over 400% in funding compared to Q4’21. The Egyptian VC space is gaining more and more traction as startups develop digital and tech disruptions to cater to underserved segments and enhance traditional industries. Reflecting the need for digitization, it was FinTech, Transport & Logistics (T&L), and E-commerce that closed the lion’s share of investments in Q1’22. With Egypt’s FinTech startups Lucky and Thndr closing $20M+ round each, sizable investments have been deployed backing E-commerce solutions and Transport & Logistics startups including $25M in Brimore and $10.5M in Naqla. Egypt has also maintained a steady flow of capital in Early-Stage startups owing to the continuous interest of investors like Alex Angels and Cairo Angels in backing emerging ventures.
Access our suite of Full Year 2021 Reports covering MENA, Africa, Pakistan & Turkey. Browse our latest and pick your data focus
Pet owners have to face a number of issues such as the fact that vets operate without monitoring, not being able to reach vets in a convenient time, not having accurate ratings for vets, and much more. To solve all of this, Vetwork offers several services all in favor of pet owners; grooming specialties, online pet shops, vets, dog walkers, dog trainers, and boarding facilities all in one place. Fady, Founder and CEO of Vetwork, said “We’re so proud of what we have achieved so far, who else has been innovating in the PetCare industry in MENA. Vetwork has paved the way for many entrepreneurs looking to pursue opportunities in our industry!
With over 400 pet care service providers and over 38,000 pets served, Vetwork has a goal of disrupting the pet care industry. Fady concluded, “Now, plans are in place and resources in terms of an amazing team, cash and partnerships are available, the coming phase for us in Vetwork is extremely exciting, stay tuned!”
Get a diagnosis of this startup landscape. Access real-time data on 1900+ startups in Egypt