Bond Vet builds momentum with $50 million investment
The New York vet services provider aims to reach 60 clinics in a year’s time.
Bond Vet has recently announced a successful funding round totaling $50 million (€47.2M) from existing investors, including Warburg Pincus, Talisman Capital Partners, as well as Bond Vet’s Co-Founders Dr. Zay Satchu, Mo Punjani, and Lukas Keindl.
According to the company, the capital injection will “undoubtedly bolster” its mission to redefine pet health in communities across the US.
Without disclosing corporate earnings, Bond Vet CEO Garrett Lewis told Axios that “all of their clinics are profitable well within the first year of opening.”
Since its inception in 2019, the firm has developed over 40 clinics in cities such as New York, Chicago and Boston. In 2023 alone, it has opened 24 new clinics nationwide and plans to reach 60 locations by October 2024.
The company is eyeing market opportunities in the Southeast.