GoFetch, Canada’s largest mobile network connecting dog owners with dog lovers for hire, today announced the closing of an oversubscribed seed round investment, led by William Sauder and Roger Hardy, both leading providers of capital to growth-stage companies in the technology industry. The financing values the startup above $2 million.
The company says it will use the fresh capital to increase its full-time staff, (expecting to double over the next quarter), invest in technology (including its mobile and web applications), grow its customer base, and expand into new cities across North America.
GoFetch makes it easy to find the perfect walker, regardless of whether dog owners need to use the service on demand or only occasionally. Walkers (or ‘fetchers’) set their own prices and subscribe for $5.99 per month – GoFetch does not take any cut from each walk, a pricing model that sets GoFetch apart from other startups in the space.
“GoFetch could not be more excited and honoured with the involvement of Mr. Sauder and Mr. Hardy. I have been fortunate enough to have built a relationship with the both of them and look forward to the high level of expertise and integrity they will bring to the venture” says co-founder Willson Cross – a former student at the Sauder School of Business and marketing director at SHOES.COM.
GoFetch has maintained impressive growth since its inception earlier this year and the strong momentum continues.
Since launch, user growth has doubled week over week – repeat transactions are growing even faster. The startup is connecting dog owners with dog walkers in more than 10 cities across Canada and currently has 8 employees headquartered in Vancouver’s historic Chinatown.
“We are honored to have two of the highest quality investors in Canada supporting GoFetch as we pursue our vision” mentioned co-founder, Paul Ratchford.
On-demand marketplaces have been experiencing a dramatic shift as entrepreneurs disrupt traditional markets. Simply put, startups are changing a broad cross-section of traditional industries — for example, Airbnb in hospitality, SHOES.COM in footwear and apparel, Instacart in groceries, Uber in ride sharing, Pathways in health products, Coinbase in financial services, and now, GoFetch in pets services.