Maev Secures $9M; Will Have Your Dog Howling For More Of Its Raw Pet Food
12/10/21, 2:00 PM
Location
austin
Money raised
$9 million
As consumers think more about what they are putting in their bodies, they are also thinking about what they are feeding their pets. Driven by the global pandemic and everyone being at home with their pets, sales topped $100 billion in 2020 in this sector.
Company Info
Location
austin, texas, united states
Additional Info
The company previously raised undisclosed rounds backed by VMG Partners, Bolt and Willow Growth. The company had four employees and had to shift its launch plans and even push back its funding round, she said. Over the past year, the company acquired about 2,000 customers and has 16 employees and 11 open jobs. During that time, the company has been growing both its revenue and customer bases, investing in supply chain and solidifying its innovation.Now with the new capital in hand, Spies plans to “put a foot on the gas” to push its 20% month over month growth to 25%. In the next year, the company will be selling its products in an omnichannel capacity with a focus on customer retention. With 95 million dogs in the U.S. Spies notes the company has plenty of room to grow. Maev is one of the latest to attract venture-backed funding, joining Alpha Paw and Jinx in announcing new raises in the past two months.Alpha Paw brings in $8M to carve out its niche in the pet wellness space