Petfolk Valuation, Funding & Investors
Petfolk is valued at $113M as of October 2023.
Last Petfolk valuation
$113M
Series B · Oct 2023
Last Petfolk funding round
$40M
Undisclosed stage · Aug 2026
Cumulative funding Petfolk raised
$191M
across 5 funding rounds
Key investors in Petfolk
White Star Capital
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Movendo CapitalIdea Farm Ventures
Deerfield
TriplePoint Capital
Cutting Horse VC
About Petfolk
Petfolk is a veterinary care provider offering hybrid in-clinic and telehealth services for pets across Colorado and Texas. The company operates membership-based clinics in Denver and Austin delivering preventive care, urgent visits, surgeries, and diagnostics using in-house labs and imaging equipment. Virtual consultations cover nutrition advice, behavior issues, and chronic disease management for dogs, cats, and exotics.
Founded
2020
HQ
Charlotte, NCWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$113M (Oct 2023)
Petfolk Valuation
Petfolk is currently valued at $113M, based on its Series B in October 2023.
The $40M round was led by Movendo Capital, with participation from Idea Farm Ventures and White Star Capital.
Petfolk's valuation has moved from $200M at its Series B in July 2023 to $113M in October 2023, across 2 priced rounds.
Petfolk valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2023 | Series B | $113M |
| Jul 2023 | Series B | $200M |
Petfolk Funding History
Petfolk has raised a total of $191M across 5 funding rounds.
Petfolk's first fundraising round was a $40M Series A in August 2022. The most recent completed round was a $40M undisclosed-stage round in August 2026.
Petfolk funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | - | $40M | - | - |
| Oct 2024 | Series C | Deerfield (lead); Cutting Horse VC; Idea Farm Ventures; White Star Capital; Parkview International; Movendo Capital | $36M | - | Petfolk is a Charlotte, North Carolina-based veterinary care provider that operates a network of 'connected care' clinics blending modern facilities with 24/7 app-based virtual care. Founded and led by Dr. Audrey Wystrach, a practicing veterinarian with over thirty years of experience, the company has built a differentiated model focused on supporting veterinarians through culture, training, and professional development opportunities. Petfolk maintains a Net Promoter Score of 90+ and was ranked in the top five on Newsweek's 2024 list of Global Most Loved Workplaces. In October 2024, Petfolk closed a $36 million Series C funding round led by Deerfield Management, with participation from existing investors including Movendo Capital, White Star Capital, Cutting Horse VC, Idea Farm Ventures, and Parkview International. At the time of the announcement, the company operated 19 veterinary clinics across seven markets: Charlotte, Raleigh, Atlanta, Orlando, Dallas, Houston, and San Antonio, employing approximately 270 people. The company planned to expand to about 40 clinics across 10 major metropolitan markets by the end of 2025, with near-term expansion into Miami and Phoenix. This Series C investment follows Petfolk's Series B round of $40 million closed in 2023 at a $200 million post-money valuation, and a Series A round of $40 million in 2022 that featured participation from celebrity backers including country music singer Miranda Lambert. The capital from Series B was used to scale the company to its then-19 locations. For the Series C, Petfolk declined to disclose post-money valuation or runway details. Deerfield Management highlighted the investment opportunity in veterinary medicine, noting the industry's transformation as pet parents seek accessible, high-quality care and veterinarians prioritize workplace culture and professional development. |
| Oct 2023 | Series B | Movendo Capital (lead); Idea Farm Ventures; White Star Capital | $40M | $113M | Petfolk is a modern veterinary care company based in Charlotte, NC, providing best-in-class service to pets, pet owners, and veterinarians through a connected care community that combines physical clinics with 24/7 app-based virtual care. Founded and led by Dr. Audrey Wystrach with over 30 years of veterinary experience, Petfolk emphasizes transparency, accessibility, and high-quality service, achieving consistent 90+ Net Promoter Scores and recognition as the 2023 Pet Solution of the Year. By late 2023, it operated clinics in markets like Charlotte, Raleigh, Atlanta, and Orlando, with rapid expansion plans. On October 19, 2023, Petfolk raised $40 million in a Series B round led by Movendo Capital, a family-backed growth equity investor focused on food, beverage, retail, and consumer companies, with participation from existing investors White Star Capital, Idea Farm Ventures, and others. The round valued the company at a post-money valuation of $112.96 million according to Forge Global data. Latham & Watkins advised Movendo Capital on the deal, covering corporate, payments, privacy, healthcare regulatory, tax, IP, and finance matters. Proceeds aimed to continue evolving veterinary care, building on strong growth since the 2022 Series A, including nearly 300% year-on-year revenue growth and care for over 60,000 pets that year. Petfolk demonstrated significant traction with high customer satisfaction and operational expansion. The company reported rapid scaling post-Series A, positioning itself as a leader in modern pet healthcare. In a subsequent Series C round in October 2024, Petfolk raised $36 million led by Deerfield Management, with participation from Movendo Capital, White Star Capital, Idea Farm Ventures, and others, to further advance its network toward approximately 40 clinics across over 10 major U.S. metro markets by year-end 2025, including new locations in Miami and Phoenix. |
| Jul 2023 | Series B | - | $35M | $200M | Petfolk is a veterinary care company providing in-person services at modern clinics and 24/7 virtual care via a mobile app, operating a network of connected care clinics focused on convenience, reliability, and high-quality service for pets and owners. Founded by Dr. Audrey Wystrach with over 29 years of veterinary experience, the company emphasizes culture, training, and community for veterinarians, achieving a 90+ Net Promoter Score and top rankings like Newsweek’s 2024 Global Most Loved Workplaces and 2023 Pet Solution of the Year. In October 2023, Petfolk raised $40 million in a Series B funding round led by Movendo Capital, with participation from White Star Capital, Idea Farm Ventures, and others, at a $200 million post-money valuation. The funds supported rapid expansion, with over 60,000 pets cared for that year and nearly 300% year-on-year revenue growth, though specific revenue figures were not disclosed. Petfolk operated clinics in markets like Charlotte, Raleigh, Atlanta, Orlando, Dallas, Houston, and San Antonio, planning further growth. Subsequent developments include a $36 million Series C in October 2024 led by Deerfield Management, with existing investors, to expand to about 40 clinics across over ten markets by end-2025, including Miami and Phoenix, amid competition from Modern Animal and Bond Vet. |
| Aug 2022 | Series A | Michael Wystrach (lead); White Star Capital (lead); Danica Patrick; Erik Jones; Miranda Lambert; Dierks Bentley; Jimmie Johnson; Mark Wystrach; TriplePoint Capital; Cameron Duddy | $40M | - | Petfolk, a modern veterinary care company founded in 2020 by siblings Dr. Audrey Wystrach and Michael Wystrach, raised $40 million in a Series A funding round on August 24, 2022, co-led by White Star Capital and Michael Wystrach. Other investors included Triple Point Capital and celebrities such as Miranda Lambert, Dierks Bentley, Mark Wystrach, Cameron Duddy, Jimmie Johnson, Erik Jones, and Danica Patrick. The company, previously known as One Vet, operates tech-enabled pet care centers, mobile clinics, and planned 24/7 virtual care services across North Carolina, South Carolina, Georgia, and Florida, emphasizing consumer-friendly experiences like stress-free environments and flexible vet hours to address industry staffing shortages. At the time of the round, Petfolk projected caring for over 40,000 pets in 2022, reflecting 5,000% year-over-year growth from its launch. It positioned itself as a disruptor in the fragmented, understaffed veterinary sector by combining professional care facilities with a proprietary technology platform for health records, personalized care plans, and improved communication. Services include wellness exams, vaccinations, surgeries, dental care, and mobile offerings like nail trims and ear cleaning, with eight full-service clinics and 11 mobile units operational. The funding aimed to fuel rapid expansion of its top-ranked practices, targeting more communities while maintaining high Net Promoter Scores. Petfolk sought to become the most loved and largest vet provider, differentiating through long-term building and industry improvements for staff and pet owners. |
Who has invested in Petfolk?
15 investors have backed Petfolk across its funding rounds, including White Star Capital, Movendo Capital, Idea Farm Ventures, Deerfield, TriplePoint Capital and Cutting Horse VC.
Lead investors include Deerfield, Movendo Capital, Michael Wystrach and White Star Capital.
Petfolk Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 3 | Lead | Aug 2022 | |
| New York City, NY | 2 | Participant | Oct 2023 | |
| Movendo Capital |  Amsterdam | 2 | Lead | Oct 2023 |
| Michael Wystrach | New York City, NY | 1 | Lead | Aug 2022 |
| Danica Patrick | Austin, TX | 1 | Participant | Aug 2022 |
| San Francisco, CA | 1 | Participant | Oct 2024 | |
| Erik Jones | Rochester, MN | 1 | Participant | Aug 2022 |
| United States | 1 | Participant | Aug 2022 | |
| Ouray, CO | 1 | Participant | Aug 2022 | |
| New York City, NY | 1 | Participant | Oct 2024 | |
| Jimmie Johnson | San Diego, CA | 1 | Participant | Aug 2022 |
| Mark Wystrach | United States | 1 | Participant | Aug 2022 |
| San Francisco, CA | 1 | Participant | Aug 2022 | |
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Start Free TrialPetfolk Competitors
Petfolk competitors include listed companies like Kooth and BlinkLab, and private ones like Loop, Hertility Health, Octagos Health and Electronic Caregiver.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Pune | Private | - | - | $116M | - | |
 London | Private | - | - | $109M | - | |
| Houston, TX | Private | - | - | $108M | - | |
| Las Cruces, NM | Private | - | - | $104M | - | |
| United Kingdom | Publicly listed | $85M | $13M | $90M | 0.7x | |
 Australia | Publicly listed | $848K | ($5M) | $87M | 87.2x |
Petfolk Public Comps
Petfolk is still privately-owned, but its public comps include Kooth, BlinkLab, LifeMD, Nyxoah, EUDA Health, Rocket Doctor AI, TelyRx, Doctor Care Anywhere, 111 and Healixa.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $85M | $13M | 0.7x | 0.7x | 4.6x | 4.3x | |||
| $848K | ($5M) | 87.3x | 87.2x | (14.5x) | (14.6x) | |||
| $194M | ($2M) | 0.7x | 0.7x | (89.1x) | 75.2x | |||
| $12M | ($97M) | 9.5x | 3.2x | (1.1x) | (1.4x) | |||
| $7M | ($2M) | 8.0x | 5.9x | (26.0x) | - | |||
| $1M | ($10M) | 34.6x | 20.7x | (4.3x) | (4.3x) | |||
| $43M | ($4M) | 0.8x | 0.4x | (8.7x) | (5.7x) | |||
| $51M | $6M | 0.6x | 0.6x | 5.5x | 4.5x | |||
This data is available for Pro users. Sign up to see all Petfolk competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Petfolk
| When was Petfolk founded? | Petfolk was founded in 2020. |
| Where is Petfolk headquartered? | Petfolk is headquartered in Charlotte, NC, United States. |
| Is Petfolk publicly listed? | No, Petfolk is a private, VC-backed company. |
| What is Petfolk's valuation? | Petfolk was last valued at $113M in its Series B in October 2023. |
| How much funding has Petfolk raised? | Petfolk has raised $191M across 5 funding rounds. |
| What was Petfolk's last funding round? | Petfolk's last funding round was a $40M undisclosed-stage round in August 2026. |
| Who are Petfolk's investors? | Petfolk's investors include White Star Capital, Idea Farm Ventures, Movendo Capital, Michael Wystrach, Danica Patrick, Cutting Horse VC, Erik Jones, Miranda Lambert, Dierks Bentley, Parkview International and 5 others. |
| Which companies are comparable to Petfolk? | Companies comparable to Petfolk include Loop, Hertility Health, Octagos Health, Electronic Caregiver, Kooth and BlinkLab. |
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