Spot & Tango Raises $51.75M to Expand Pet Health, Wellness Platform
Press release: Place & Tango
Spot & Tango, the premium pet wellbeing and wellness brand name, lately declared a blended $51.75 million in funding just after boosting a $38.5 million Collection B and $13.25 million Collection A, led by Valor Equity Partners. Location & Tango is employing this money to progress analysis & growth, broaden its merchandise supplying and introduce new recipes to make wholesome pet food items merchandise obtainable to all homes. The subscription-based mostly provider grew by more than 250{95b18eb6fc4f42efd0d92738dfc3fb79fde21da267a711ecdf0381147c27bb86} in 2021 and has shipped over 15 million foods to pet dad and mom across the place given that its launch in 2018, in both its refreshing and ground breaking “fresh dry” solution formats.
Considering that the commence of the pandemic, a single in 5 American households adopted a cat or pet dog, totaling 23 million new pet dad and mom. With the growth of new pet adoptions, the American Pet Goods Affiliation (APPA) documented a 9.7 percent boost in pet food and take care of income, which accounted for 40 {95b18eb6fc4f42efd0d92738dfc3fb79fde21da267a711ecdf0381147c27bb86} of total pet treatment sales in the U.S.
“We fundamentally think that wellbeing & wellness for animals is a appropriate, not a luxury. Our mission is to direct the marketplace in innovation by setting up a system of goods, expert services and community articles that fulfill the requires of animals and their parents nationwide,” claimed Russell Breuer, Founder and CEO. “Our partnership with Valor has been pivotal as we have scaled our group, offer chain and operations to assistance rapid growth.”
Following productively launching two versions of their category-major “fresh dry” products, UnKibble, in 2020, Location & Tango will be introducing a new grain-free of charge Cod & Salmon recipe to accommodate far more canines with sensitive stomachs. All of Location & Tango’s recipes are formulated by animal nutritionists, comprise only refreshing, substantial-quality, full components, and exclude the artificial additives typically found in kibble. Products and solutions are minimally processed, cooked at very low heat, and customized to be certain puppies receive the ideal amount of diet per food.
“Spot & Tango is making a manufacturer that meets expanding shopper tastes for pet health and fitness & wellness, ease and personalization. The corporation is a pioneer in new solution enhancement, producing alternatives that remedy authentic issues for pet parents,” reported Jon Shulkin, Lover and Co-President of Valor Equity Associates. “We are thrilled to associate with the Place & Tango workforce at this crucial inflection position, as they increase their portfolio and develop out the offer chain to deal with the needs of canine and people across the place.”
Place & Tango supports shelters and rescues by a new application released in 2022 that donates substantial top quality foods to puppies waiting around for adoption. The application eases the expense burden of meals to foster and adoptive pet dad and mom when furnishing peace of thoughts and obtain to prime nutrition.
