Mad Paws, a marketplace for pet services, has raised $5 million in Series A funding.
The funding round was raised from a consortium of top investors, including Qantas, Microequities Venture Capital, Scale Up Media Fund, existing investor Macdoch Ventures and Tim Fung, the CEO and Co-Founder of Airtasker, who will also be joining the Mad Paws board.
The investment will fund the startup’s expansion, which includes a commercial partnership with Qantas, and further enhance its offering.
“I am extremely proud of the Mad Paws team,” says Alexis Soulopoulos, CEO and Co-Founder of Mad Paws.
“With this as motivation the team has managed to triple the business over the past year and we plan to continue nothing less than this growth trajectory.
“The new funds will allow us to enhance our technology and customer support processes to ensure the best possible service for Australian pet owners and their pets.”
Launched in November 2014, Mad Paws allows Australian pet owners to book a local, vetted and insured pet sitter from 15,000 approved sitters and dog walkers. Since launch, 300,000 pets have been registered on the platform.