WeFunder is one of many crowdfund portals with deals available for investment, and they often have lots of interesting opportunities. Because we love the critters of the world, we saw a listing for a company called VetPronto, which offers in-home on-demand veterinarian services. We personally have used vets who do housecalls for years, and we think the idea of automating this service makes a lot of sense. One of their investors, is none other than Shark Tank “Sharkette” Barbara Corcoran through her Venture Partners entity.
According to their Wefunder page:
We’re the first mobile service scaling house-call veterinarians for more convenient pet care. We’re active in Los Angeles and the Bay Area, where we have over 50 on-call vets and nurses and 3500 customers who book up to 4 appointments a year (the industry standard is only 2 a year). And they love us: that’s why we have a five-star Yelp rating from over 270 customers. The next step is to expand to New York, then across the U.S., so all pet-owners can call vets to their home for the best care.
- 50+ Veterinary professionals / 3500 customers in LA and Bay Area
- 40% of customers book follow-up appointments in 6 months
- 35% Gross margins / 1 year customer LTV: $350
- 5 Star Yelp rating with over 270 reviews
- 15% Compounded monthly growth
- 65% of all U.S. households own a pet
As of publication time, the entity had raised $208,000 from 336 investors toward a goal of $50K-$1M, with closing date on investments of March 8, 2017.