Rover raised $65 million for pet sitting

Rover raises $40M in series E fund
By Katie Roof.

Finding temporary housing for your dog should be as easy as renting an Airbnb. That’s the idea behind Rover, which raised $65 million to expand its pet sitting and dog-walking businesses.

The Seattle-based company got a significant vote of confidence from Spark Capital, which is leading the round and additional capital from existing investors including Menlo Ventures, Foundry Group, and Technology Crossover Ventures. Megan Quinn, a partner at Spark, is joining the board.

Dog boarding is a “massively untapped market,” said Quinn. “Rover is already the largest pet services marketplace in the world.”

They bought out DogVacay earlier this year, eliminating their biggest competitor. The two businesses were very similar and they have since integrated the websites. Rover CEO Aaron Easterly hopes that the DogVacay acquisition will help Rover expand internationally, especially since DogVacay was already dominant in Canada.

Read more at TechCrunch.

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