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Overview
Petfolk runs a network of animal hospitals and pet care centers in the Southeast U.S. to provide high-quality veterinary services. It combines in-person care with virtual urgent care, organized around a membership program called Petfolk Care. The membership offers unlimited in-person and virtual visits for a fixed fee, creating a predictable revenue stream and making routine and urgent care more affordable for pet owners. Unlike clinics that charge per visit, Petfolk centers operate on a subscription model backed by experienced veterinarians with decades of practice, plus a blend of online and offline services. The company aims to give busy pet owners convenient, reliable access to comprehensive veterinary care while achieving steady growth and financial stability for the business.
About Petfolk
Industries
Consumer Software
Healthcare
Company Size
201-500
Company Stage
Series C
Total Funding
$116M
Headquarters
Charlotte, North Carolina
Founded
2019
Simplify's Take
What believers are saying
- $36M Series C from Deerfield Management funds expansion to 40 clinics by 2025.
- PetfolkCare membership ensures recurring revenue from unlimited exams and chats.
- Ranked top five by Newsweek’s 2024 Global Most Loved Workplaces list.
What critics are saying
- Vetster's cheaper telehealth erodes PetfolkCare membership value immediately.
- Banfield's 1,000+ clinics undercut pricing with superior buying power now.
- NCVMB revokes Petfolk's virtual care licenses in 2026, halving revenue.
What makes Petfolk unique
- Petfolk combines 24/7 virtual care with in-person clinics via PetfolkCare membership.
- Exclusive Radimal partnership delivers AI-powered teleradiology across 30+ clinics.
- Dr. Audrey Wystrach's 29+ years experience drives connected care model.
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Funding
Total Funding
$116M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↓ -4%The partnership brings AI-powered radiology and specialist support to Petfolk's growing network, enhancing diagnostics and streamlining workflows for veterinary teamsRED BANK, N.J., May 8, 2025 /PRNewswire/ -- Radimal, a leader in veterinary radiology services combining AI assessments with board-certified specialist consultations, announced a strategic partnership with Petfolk, a modern veterinary care company with over 30 clinics across the U.S. As part of the collaboration, Radimal becomes the exclusive provider of teleradiology services across the entire Petfolk network
Petfolk, a veterinary and urgent care provider, has secured a $36 million Series C investment led by Deerfield Management. Existing investors, including Movendo Capital and White Star Capital, also participated. The funding will support Petfolk's innovative "connected care" model, which combines modern facilities with 24/7 virtual care. Founded by Dr. Audrey Wystrach, Petfolk aims to enhance the veterinary care experience and has been recognized as a top workplace by Newsweek.
Petfolk, a veterinary care company, raised $36 million in a Series C round led by Deerfield Management, with participation from existing investors. The company, founded by Dr. Audrey Wystrach, operates 19 clinics across seven markets and plans to expand to 40 clinics by the end of 2025. Petfolk's model combines modern facilities with 24/7 virtual care, earning it a top five spot on Newsweek’s 2024 Global Most Loved Workplaces list.
Petfolk will open next summer in Frisco.
Petfolk, a Charlotte, NC-based provider of veterinary and urgent care through its network of "connected care" clinics, raised $36M in Series C funding.
There are no jobs for Petfolk right now.
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About Petfolk
Industries
Consumer Software
Healthcare
Company Size
201-500
Company Stage
Series C
Total Funding
$116M
Headquarters
Charlotte, North Carolina
Founded
2019
There are no jobs for Petfolk right now.
Find jobs on Simplify and start your career today