Modern Animal Achieves $100 Million Run Rate and Expands Its Board of Directors

Modern Animal: A New Era in Veterinary Care

In a significant leap forward for the veterinary industry, Modern Animal has reported an astonishing revenue run rate of $100 million. This milestone comes alongside the company's announcement of raising $46 million in funding. Led by prominent venture firms like Addition, True Ventures, and Upfront Ventures, this capital infusion is set to propel Modern Animal’s mission to revolutionize pet care through technology and comprehensive services.

Board Expansion for Strategic Growth

To support this new phase of growth, Modern Animal has expanded its Board of Directors, adding notable figures in the industry. Mark Suster, Managing Partner at Upfront Ventures, who has been with the company since its seed round in 2019, will join the board. He will be joined by Karen Boone, former CFO of Restoration Hardware, and partners like Tony Conrad and Robbie Horwitz from True Ventures and Addition, respectively. This diverse board will bring extensive expertise and strategic insights to the company’s future plans.

Comprehensive Care and Innovative Technology

Modern Animal is committed to transforming healthcare for pets. Their approach is centered on offering both in-clinic and online care, ensuring pet owners have access to services around the clock. This funding will enable them to expand their offerings, which now include integrated pharmacy services, an e-commerce platform, and extended urgent care hours, ensuring that pet parents can access the care their furry friends need during emergencies.

By leveraging proprietary technology, Modern Animal aims to automate administrative tasks, streamline workflows, and aid clinical decisions, thereby enhancing overall operational efficiency. This technological backbone will enable veterinarians to focus on providing high-quality care without the burden of excessive administrative tasks.

Steven Eidelman, the founder and CEO, noted, "This is an important moment for Modern Animal. We’re strategically investing in technology that uniquely positions us to better serve pets and their parents while empowering our veterinary teams to deliver exceptional care." The emphasis on quality care aligns with the growing consumer demand for veterinary services tailored to the modern pet owner's lifestyle.

Accelerated Growth Amid High Demand

Modern Animal has enjoyed remarkable growth, achieving an 85% increase in revenue year-over-year for 2024. With over 100,000 pets served and an expanding network of 27 clinics in California, Texas, and Colorado, the company is solidifying its presence in existing markets while planning further expansions.

Mark Suster remarked on the company’s unique position in the market: "In a world where AI dominates investor thinking, it’s refreshing to back a company fully devoted to something universally cherished — animals. Modern Animal has shown its ability to transform the veterinary space and continues to set new standards for quality care."

As the company heads into this new chapter, it remains focused on creating a fulfilling environment for veterinary professionals, recognizing the vital role they play in pet care.

About Modern Animal

Founded with a mission to instill humanity back into veterinary medicine, Modern Animal leverages cutting-edge technology and offers 24/7 virtual care alongside state-of-the-art clinics. Their goal is to provide a seamless experience for pet owners, connecting every aspect of their pet’s health and ensuring personalized care at every interaction. For more information, visit modernanimal.com or follow them on Instagram @modernanimal and TikTok @modernanimalvet.

As the veterinary industry evolves, Modern Animal stands at the forefront, ready to define the future of pet health care with compassion and innovation.