Small N.Y. chain plans $17 million expansion
Bond Vet will use investor money to grow from four clinics to 14 or more.
Bond Vet, which opened the first of its four veterinary clinics in the summer of 2019, has raised $17 million to launch at least 10 more by the end of 2021.
The New York chain reported that the private investment firm Talisman Capital Partners will pay for the expansion after a Series A funding round.
Bond Vet provides urgent and primary care on a walk-in and appointment basis.
“We’ve seen more than 13,000 pets since we launched our very first clinic, and it’s clear that there is consumer demand for a new kind of veterinary experience,” said Mo Punjani, MBA, Bond Vet’s CEO and co-founder. “This round of funding will help us to continue realizing our mission to elevate and enhance the veterinary space.”
The chief veterinary officer is co-founder Zay Satchu, DVM, a 2014 Ontario Veterinary College graduate.
“To date, we’ve built an incredible team of veterinarians, nurses, veterinary assistants and care coordinators with a new, differentiated approach, making us one of the largest veterinary employers in New York City,” Dr. Satchu said.
Bond Vet’s four hospitals are located in the Brooklyn, Upper East Side, Upper West Side and Chelsea sections of New York. The Brooklyn clinic, in Cobble Hill, was the first, opening in June 2019.
The co-founders and partner Lukas Keindl expanded to the Upper West Side and Chelsea during the COVID-19 pandemic.
The four hospitals are open every day from 10 a.m. to 8 p.m. Clients can use the Bond Vet mobile app to book appointments and look up patient records. Twenty-minute telehealth consultations are available for $50.
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