Start-up Snout raises $110m for its ‘membership’ model to defray vet costs
Fortune reports that pet wellness plan provider Snout has raised $10m in Series A funding, led by Footwork, and $100m in debt financing from Clear Haven Capital. The start-up was founded by Emily Dong in 2023 to address a key problem in pet care: vet care operates almost entirely on cash (or maybe credit) at the time of service. In pet care, Dong says, there’s limited billing and insurance backstop. As such, Snout focuses on covering preventative care and effectively turns vet bills into memberships. Costs vary based on plan, but on average customers are paying $65 a month for Snout to help take care of vet costs upfront.
