Cairo-based pet care startup VetCode added an undisclosed amount of capital to its kitty following a successful funding round led by Pmaestro, an Egyptian technology firm that invests in and provides consultancy services to startups.
While several publications are erroneously claiming that VetCode has raised $450,000 in this latest round, the stated figure is actually the pre-money valuation of the investment.
VetCode has confirmed that the investment will come as a combination of cash and in-kind services.
Founded in early 2018, VetCode is a brainchild of Ahmed AlBadawy and Ahmed Maher. The company offers a dedicated mobile app that enables users to seek veterinary care, training services, and social care for their pets. Depending on their location, users can use the app to find the nearest pet clinics or request veterinarians for a home visit.
Additionally, the app also serves as a marketplace for people to adopt, buy, or sell pets.
In a conversation with the media, Ahmed AlBadawy, VetCode co-founder and CEO, said: “We are activating our fourth new service (veterinary home care services) in addition to expanding geographically the 3 main services (pets training care – grooming care – social care) in Egypt. Also, we are expanding our veterinary care services to cover exotic animal health and marine life health.”
VetCode currently serves 12 cities across Egypt with more than 200 veterinary clinics listed on its growing network. The startup claims to have more than 30,000 users throughout the country.
The newly raised capital is expected to help the company expand and capture new markets in Egypt and possibly outside the country in the foreseeable future.