Fitpet
Improving the quality of life of companion animals and human caregivers through technological advancements.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 8.3x EV/Revenue | round | |
* | N/A | $22.0m Valuation: $130m 8.3x EV/Revenue | Late VC |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 55 % | 38 % | 86 % | 78 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Fitpet was founded in 2017 by Junguk Ko, a former Samsung SDS engineer, who was inspired to start the company after his pet dog fell ill. The company focuses on providing diagnostic kits and apps for disease detection in pets, aiming to improve the quality of life for both pets and their owners.
In its journey, Fitpet has successfully raised significant funding to expand its operations. The company closed a Series B funding round with a cumulative amount of $26 million, marking it as the largest funding round among pet startups in Korea. This financial boost has allowed Fitpet to enhance its technological offerings and expand its market presence.
Fitpet's innovative approach to pet healthcare has attracted attention not only from pet owners but also from investors, leading to a total funding of $4.58 million over three rounds from six investors, including notable names like LB Investment and Samsung Venture Investment.
With a strong foundation and a clear vision, Fitpet continues to lead in the pet healthcare industry, leveraging technology to provide better health solutions for pets. The company's journey reflects a commitment to innovation and a passion for improving pet care, setting a new standard in the industry.