Bond Vet, an urgent and primary care provider for pets, has raised $50 million in equity from existing investors, including Warburg Pincus and Talisman Capital Partners to fuel its growth.
(Bloomberg) — Bond Vet, an urgent and primary care provider for pets, has raised $50 million in equity from existing investors, including Warburg Pincus and Talisman Capital Partners to fuel its growth.
“This funding will undoubtedly bolster our mission to redefine pet health in communities nationwide,” Bond Vet Chief Executive Officer Garrett Lewis said in a statement on Monday. Lewis joined Bond Vet in June from Mars Inc.-backed VCA Animal Hospitals, where he was chief operating officer.
New York-based company Bond Vet was founded in 2019 and has added 24 clinics in the past 12 months. It has more than 40 locations either already operational or opening soon, in cities including New York, Boston, Chicago and Washington D.C., its website shows.
“Our conviction in the potential of Bond Vet has deepened with the exceptional growth in the number of communities served,” Warburg Pincus principal Pranav Verma said in Monday’s statement. Warburg invested $170 million in the company in October 2021.
Matt Bennett, a partner at Talisman Capital Partners, said the firm is supportive of Bond Vet’s expansion across the US. Talisman is an investment firm affiliated with the family of Cardinal Health founder Bob Walter.
Bond Vet co-founders Dr. Zay Satchu, Mo Punjani and Lukas Keindl also participated in the latest capital raise, the company said.
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