MODERN ANIMAL ANNOUNCES $100M RUN RATE, FUNDING, AND BOARD EXPANSION

The Veterinary Company Enters New Phase of Growth, With Continued Investment in its Tech Infrastructure and Comprehensive Care Model

LOS ANGELES, Sept. 16, 2025 /PRNewswire/ -- Modern Animal, the pioneering veterinary company dedicated to reimagining pet care, today announced that it has achieved a nine-figure revenue run rate and has raised $46 million in funding, led by Addition, True Ventures, and Upfront Ventures, with participation from Founders Fund, alongside a strategic expansion of its Board of Directors.

Mark Suster, managing partner at Upfront Ventures, which has backed Modern Animal since its 2019 seed round, joins the company's board alongside Karen Boone, former CFO of Restoration Hardware and current board member of Peloton, Sonos, CoreWeave, and Rivian; Tony Conrad, partner at True Ventures; and Robbie Horwitz, partner at Addition.

Modern Animal is focused on redefining healthcare for pet parents, whether in clinic or online through 24/7 virtual care, from the first puppy and kitten visits through every life stage. This funding supports that vision, expanding services including an integrated pharmacy and e-commerce platform, extended urgent care hours, and expanded specialty care. Leveraging its proprietary technology infrastructure, the company is continuing to double down on its AI-powered tools and proprietary technology stack to fully automate administrative tasks, improve workflows, and support clinical decision-making, substantially enhancing operational efficiency and helping veterinarians deliver even higher-quality care.

"This is an important moment for Modern Animal," said Steven Eidelman, the company's founder & CEO. "We're growing our care offerings and investing in the technology that puts us in a unique position to better serve pets and their parents, empower our veterinary teams, and build long-term value in a fast-changing industry. We're focused on deploying our capital strategically – always in ways that improve the quality of care we deliver, and the experience for the providers of that care."

The new funding comes on the heels of a period of significant growth for Modern Animal, including 85% year‑over‑year revenue growth in 2024 to a now $100 million annual run rate. These results highlight the solid foundation built since the company's inception, with upcoming advancements expected to play a key role in accelerating its path to sustainable profitability.

"In a world where all investors can think about is AI all the time, it's refreshing to back a company that, while leveraging technology, is completely dedicated to something we universally love — animals," said Mark Suster, managing partner at Upfront Ventures. "Steven and his team have built a consumer brand in the veterinary care space that is equally loved by vets as it is by modern, young, tech-savvy animal owners. Modern Animal has already shown its ability to transform the industry and will continue setting the standard for what veterinary care can be."

Modern Animal has 27 clinics across California, Texas, and Colorado. Having served more than 100,000 pets, the company is strengthening its presence in markets where it has already built significant capacity and is expanding its services to provide an even more reliable, comprehensive solution for pet parents. At the same time, the company remains committed to creating a more fulfilling and sustainable work environment for veterinary professionals.

About Modern Animal
Modern Animal is a veterinary company with a mission to bring humanity back to veterinary medicine on behalf of pets, their parents, and the veterinary community. Leveraging its own technology platform, 24/7 virtual care, and state-of-the-art clinics, Modern Animal offers members an all-in-one experience that connects every aspect of their pet's health, delivering personalized care and exceptional service at every touchpoint. For more information, visit www.modernanimal.com, and follow @modernanimal on Instagram and @modernanimalvet on TikTok.

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SOURCE Modern Animal