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Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

by theadvisertimes.com
3 weeks ago
in Startups
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Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch
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Bond Vet and Small Door Veterinary, two New York-founded providers of premium pet care, have finalized a merger that creates one of the largest premium veterinary networks in the country. The combined company spans more than 55 clinics across the Northeast, Mid-Atlantic, and Midwest, serving over 500,000 pets with more than 1,000 team members, including 170+ veterinarians. Small Door built its reputation on a membership-based model pairing dedicated care teams with 24/7 telemedicine and transparent pricing, while Bond Vet grew a network of design-forward clinics spanning primary, urgent, dental, and surgical care. Financial terms of the transaction were not disclosed. “This comes down to a shared vision that veterinary care can work better for the pets, the families who love them, and for the teams who show up for them every day. Bond Vet gets that,” remarked Florent Peyre, cofounder and CEO of Small Door, who will lead the combined company as CEO. “They’ve built a strong team with a genuine commitment to delivering above-and-beyond care for families with compassion and consistency, and that’s rare. There’s a lot we can learn from one another, and that’s where the real opportunity lies.”

This comes down to a shared vision that veterinary care can work better for the pets, the families who love them, and for the teams who show up for them every day. Bond Vet gets that. They’ve built a strong team with a genuine commitment to delivering above-and-beyond care for families with compassion and consistency, and that’s rare. There’s a lot we can learn from one another, and that’s where the real opportunity lies. – Florent Peyre

Founded by Peyre and Josh Guttman in 2018, Small Door had raised a total of $118.5M in reported funding and is backed by investors that include Valspring Capital, Primary Venture Partners, Lerer Hippeau, Toba Capital, C&S Family Capital, Alumni Ventures, Brand Foundry Ventures, FS Investors, and TriplePoint Capital. The company operates 13 AAHA-accredited clinics across the Northeast and Mid-Atlantic. Bond Vet, founded in 2019 by Zay Satchu, Mohamed Punjani, and Lukas Keindl, had grown to more than 45 clinics and raised a total of $245M in reported funding from Talisman Capital Partners and Warburg Pincus. As part of the merger, Bond Vet President and CFO Joe Altobelli will transition to Executive Strategic Advisor, and Small Door Chief Medical Officer Dr. Jamie Richardson will oversee clinical operations and medical standards across the combined network. Both brands will continue to operate under their existing names across all locations in the near term, with the same care teams in place, before moving toward a unified experience over time.

The merger arrives as demand for premium, tech-enabled pet care continues to climb, with the two companies often serving the same neighborhoods as competitors before joining forces. The combined organization plans to add new locations across its existing markets as it scales. “Bond Vet set out to strengthen the human-animal bond by making advanced veterinary care accessible, delightful, and sustainable for pet families and for the teams who deliver it. Joining forces with Small Door is the natural next step,” remarked Joe Altobelli, President and CFO of Bond Vet. “It has been an honor to lead the Bond Vet team, and I have full trust in Florent and the combined leadership to carry this work forward.”

Bond Vet set out to strengthen the human-animal bond by making advanced veterinary care accessible, delightful, and sustainable for pet families and for the teams who deliver it. Joining forces with Small Door is the natural next step. It has been an honor to lead the Bond Vet team, and I have full trust in Florent and the combined leadership to carry this work forward. – Joe Altobelli



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Tags: AlleyWatchbondDoorFormLargestmergenationsnetworksPremiumSmallVetVeterinary
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