NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Kuddly, a new marketplace using mobile Internet technology to bring affordable, professional pet health care advice to pet owners directly via veterinarians worldwide, has announced $1.5 million seed capital from Exponential Partners. Launched late summer this year, Kuddly is the first mobile pet health care marketplace of its kind in the $16 billion veterinary care industry in the U.S. The financing, which closed in October 2015, will further fuel the company's innovation and growth. The seed funding builds on an exciting year for Kuddly, which includes the launch of its mobile technology marketplace as well as its growth among veterinarians and pet owners.
"There is a constant interest among veterinary practitioners to grow and expand business, particularly online," said Kuddly Co-Founder and Chief Veterinarian Officer, Lucy O'Byrne, DVM, CVA. "Pet owners are turning to their smartphones to try to obtain information more than ever. Kuddly is the first real mobile solution to meet these needs for both pet owners and veterinarians."
Exponential Partners is an investment fund in early stage technology companies, and provides operational and execution support to help emerging companies grow rapidly with the highest opportunity for success. Kuddly joins the firm's portfolio focus of med tech and digital health, big data, enterprise software, artificial intelligence and virtual reality.
"The U.S. veterinary care industry is big, but only about 2% of pet owners today have medical insurance for their pets," said Ed Pope, Founder and CEO of Exponential Partners. "Kuddly is poised to help revolutionize the veterinary care industry through its mobile-first technology."
Kuddly is available in both the Apple App Store for iOS and Google Play store for Android devices. There is also a Chrome App version only for veterinarians who want to use their laptops or desktops. For more information about Kuddly, visit www.kuddly.co.
Admit it, your fur baby is family. So given the choice, when concerns arise about your four-legged friend, would you rather rely on advice from "Dr. Internet" or an actual licensed veterinarian? Our app connects you to veterinarians worldwide. And don't worry about office hours. Kuddly vets are available whenever and wherever you need them. For more information or to download Kuddly on iTunes or Android, visit www.kuddly.co.
About Exponential Partners
Exponential Partners is a highly unique blend of a fund, an accelerator, and an operating advisor adding the real world experience of dozens of CEOs who are investors in the fund. Exponential Partners is one of very few institutional investors providing meaningful capital to early stage companies, and access to some of the most successful business people in the world. Visit Exponential Partners via the web at www.exponential.vc.