Dutch, a pet telehealth startup, announced on Thursday the successful completion of its seed funding round, which raised over $5 million.
Founded by Joe Spector, co-founder of Hims, the startup aims to capitalize on the $100 billion pet sector by offering telehealth services to pet owners.
At a time when the pandemic forced millions of people to start using telemedicine, the startup believes someone must address the demand for pet telemedicine.
The seed funding round was led by Forerunner Ventures and counted with the participation of Bing Capital and Trust Ventures. Spector’s former co-founder, Andrew Dudum, also participated in the funding round.
Dutch was founded back in February 2020 in San Francisco, where it counts with a five-person team. Ever since its foundation, the startup has worked on growing its network of veterinary specialists to offer users of its subscription-based services.
The startup offers services to pet owners in New York, New Jersey, Pennsylvania, Michigan, South Dakota, Virginia, Idaho, and Indiana at this time, focusing on anxiety and dermatological treatments.
Treatment plans and dispensation of prescriptions in a fully remote manner will be some of the benefits that Dutch aims to provide its users, looking to differentiate itself from the competition by covering those services other pet insurance plans don’t.
This is especially true when it comes to the treatment of chronic conditions.
Nicole Leah Johnson, a partner at Forerunner Ventures, referred to the news by tweeting:
“Pet health is going the way of human health, and we couldn’t be more excited to back
Joe Spector & co as they increase access to happier, healthier pets with telemedicine.”
While many barriers persist for telemedicine startups looking to expand their services in the US, the COVID19 pandemic highlighted the need for regulators to establish a regulatory framework that provides users with flexible and reliable service providers.
Spector was the one in charge of taking care of Him’s medical regulatory framework, the same role he will be playing in the pet telehealth startup. However, veterinary telemedicine has been an industry that has experienced pushback from regulators in recent months.