Rover employees celebrate with CEO Aaron Easterly after his CEO of the Year award win at the 2016 GeekWire Awards. What started as a fun project born at a Startup Weekend event has turned into a potential billion-dollar company that is gearing up for an IPO.
Rover.com , the Seattle-based dog-sitting platform, today announced a $40 million Series E round from previous investors Foundry Group, which led the round, as well as Madrona Venture Group and Menlo Ventures.
Founded in 2011, Rover has become the leading online pet sitting marketplace, providing a way for owners to connect with people to care for their pets. The cash infusion brings total funding to date for Rover to $91.5 million and will help the 170-person company continue growing its platform that helps 65,000 sitters across 10,000 U.S. cities book more than one million services per quarter.
In an interview with GeekWire, Rover CEO Aaron Easterly said his company is forecasting profitability by the end of 2017. He also said that taking the company public “is our plan of record right now and by far the most likely outcome.”