Egyptian Pet-Care Startup VetCode Raises Seed Funding at $450,000 Pre-Money Valuation From PMaestro
VetCode will use its first round of funding in market expansion.
Egypt's pet-care startup, VetCode, raises seed funding at $450,000 pre-money valuation from Pmaestro on Friday, December 21st. VetCode is a Cairo-based smart interactive platform to help pet guardians reach their needs at a tap of a screen.
This comes four months after launch, with 50 percent month-over-month growth. The Egyptian pet-care startup will use the seed funding round to expand within the market with scalable operations.
VetCode is one stop shop for veterinary care and social care services for pets. It's an online platform, mainly presented through a mobile app that somewhat acts like a social network for pet guardians and vets. It has many categories and services such as adopting, mating, healthcare, and training.
Egypt enjoys more than 70,000 veterinarians; a world record. However, before VetCode existed, there was no solution that would unite these many vets with the pet guardians. "Egyptians also lack the culture urging people to take care and pay full attention to the physical as well as mental and emotional health of their pets," El-Badawy told us earlier.
PMaestro is an investments company, founded with an open eye for innovation to bring ideas to reality, by recruiting high potential startups and visionary entrepreneurs through a rigorous selection process for long term partnership. They provide those startups with a support system and targeted professional services, tools, resources, and mentors to scale their business and operational models.
*Correction: An earlier version of this story had a headline stating that VetCode raised $450,000 rather than that number being that of the pre-money valuation.
