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.
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