Rover.com Fetches $40M Series E by PitchBook
Seattle-based Rover.com, an online network of pet-sitters and dog-walkers, has raised a $40 million Series E round led by Foundry Group and Menlo Ventures with participation from Madrona Venture Group; all three firms were already existing backers. The company has now secured about $90 million in total funding, including a $25 million financing in March 2015 at a $138 million valuation.
BlackRock’s Larry Fink: Not all ETF investors are passive
BlackRock CEO Laurence Fink spoke at Morningstar's recent conference, and he talked about a variety of things, like his concerns about company culture at a time when all the firm's employees are working at home. Despite those concerns, he doesn't think BlackRock will ever be 100% working in the office. He thinks employees will always Read More
Founded in 2011, Rover has a bit of an atypical history. Greg Gottesman, then a managing director at Madrona, originally pitched the company’s concept at a hackathon called Startup Weekend in Seattle. He then gathered a team to build a prototype over the course of the weekend, and the team went on to take first place in the competition. The company has continued to grow and gather new funding ever since.
Rover isn’t the only startup in the space, however. Headquartered in Santa Monica, DogVacay touts similar services and has secured funding from firms such as First Round Capital, Benchmark Capital and Foundation Capital. DogVacay raised a $25 million round in November 2014 at a $142 million valuation.