Bond Vet raises $17 million towards veterinary hospital expansion

November 20, 2020
dvm360 Staff

The animal health company plans to open at least 10 clinics by the end of 2021.

Bond Vet, which launched its first clinic in June 2019, recently raised $17 million to open 10 or more veterinary clinics by the end of 2021. The New York-based animal health company says private investment firm Talisman Capital Partners will pay for the expansion after a Series A funding round.

“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," says Bond Vet cofounder and chief executive officer Mo Punjani. “This round of funding will help us to continue realizing our mission to elevate and enhance the veterinary space.”

Since its initial launch last year, Bond Vet has provided both urgent and primary care, according to a company release. Additionally, walk-ins and scheduled appointments are welcomed in most of their locations without the need for membership.

With the veterinary profession notorious for high burnout rates, compassion fatigue, suicide, and depression, Bond Vet says it’s also dedicated to the wellbeing of its employees—which, in turn, allows them to provide exceptional care to their patients.

“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," says cofounder and chief veterinary officer of Bond Vet Zay Satchu. Satchu also vows to develop exceptional staff and patient care by hiring, cross-training and utilizing the company’s robust continuing education program.

“We believe the best way to drive a best-in-class experience for pets, pet parents, and our team members is to do it from the ground up. The Bond Vet team has done exactly that, and we’re excited to expand our impact in the industry,” says Matt Bennett, a partner at Talisman Capital.

To learn more about Bond Vet, go here.