Latest Rover Labs News
Oct 4, 2016
Last month , we reported that Rover was shutting a $40 million round . Looks like a understanding has sealed — a pet-sitting startup announced currently that it has raised , yep, $40 million in a Series E funding. The turn was led by Foundry Group and Menlo Ventures, with appearance from Madrona Venture Group — all existent investors. Rover has now lifted some-more than $90 million in sum funding. “At Menlo we have been advantageous to behind companies like Uber, Siri, Hotmail and Gilead Sciences,” pronounced Menlo handling executive Venky Ganesan in a appropriation release . “Rover is on that arena and that’s because we motionless to double down and go all in on this investment .” The association stretched from pet sitting to dog walking final year . It now says that it has some-more than 65,000 sitters and walkers in a network , and that it’s saying an normal of 1 million bookings any quarter. Rover says a new appropriation will be used “to continue redefining a pet caring space by product developments, geographical enlargement and continued marketplace growth.” It also says a income could be used for acquisitions.