The transaction of CHW will allow the American company to accelerate its online consolidation and expansion into wellness services.
According to a press release, the company experienced “substantial growth” since its inception due to “its proven ability to diversify its addressable market to unlock new spending opportunities.”
“This deal will provide us with the funds to further fuel our growth, and I am excited to be partnering with the CHW team to accelerate our strategic initiatives and consolidate pet wellness and services as we strive to become the leader in this space,” commented Wag! CEO Garrett Smallwood.
CHW’s co-CEO Jonah Raskas said they are confident in Wag!’s ability to accelerate its momentum by executing against its proven growth strategies and consolidating this attractive market.”
This vertically integrated technology platform offering access to dog walking, pet sitting and pet expert consultations have over 350,000 approved pet caregivers across the U.S. and delivered over $300 million total bookings to date.
The company said it completed over 11 million services through the platform, and it forecasts an annual growth rate of at least 70% from 2021 through 2023.
The latest articles
Former Fressnapf CEO moves to sushi company
Johannes Steegmann takes on a new role as CEO of Cologne-based Eat Happy Group.
News
1 Nov 2024
Thai pet food industry responds to address temporary US export ban
The US government has identified the country’s pet food as a product category that is potentially produced with child or forced labor.
Global Pet Industry
1 Nov 2024
Canadian insect protein player secures investment to boost production
Entosystem aims to add a second factory to meet the increased demand for insect protein in the pet food industry.
Ingredients
31 Oct 2024
GET THE NEWSLETTER
Weekly newsletter to stay up-to-date
Discover what’s happening in the pet industry. Get the must-read stories and insights in your inbox.