Last thirty day period, we claimed that Rover was closing a $40 million round. Seems to be like the deal has shut — the pet-sitting startup declared right now that it has lifted, yep, $40 million in a Sequence E funding.
The round was led by Foundry Team and Menlo Ventures, with participation from Madrona Undertaking Team — all existing traders. Rover has now lifted far more than $ninety million in complete funding.
“At Menlo we have been fortuitous to back corporations like Uber, Siri, Hotmail and Gilead Sciences,” stated Menlo taking care of director Venky Ganesan in the funding release. “Rover is on that trajectory and which is why we made a decision to double down and go all in on this financial commitment.”
The organization expanded from pet sitting to puppy strolling very last yr. It now states that it has far more than sixty five,000 sitters and walkers in its network, and that it’s observing an common of one million bookings each quarter.
Rover states the new funding will be applied “to continue on redefining the pet care room by means of products developments, geographical expansion and continued industry progress.” It also states the revenue could be applied for acquisitions.