Technology breakthroughs and shifting societal norms are driving a revolution in the pet tech sector in Europe.
As the pet care sector in Europe continues to flourish, new and creative firms are popping up to handle everything from telemedicine to insurance.
Pet health monitoring is one of the industry’s main areas of innovation. Pet tech startups are also heavily focused on nutrition and the customized approach to pet nutrition.
Dedicated to pet care startups, Leap Venture Studio announced the opening of applications for its ninth cohort. This program offers a unique opportunity for seed-stage pet care startups to receive substantial support and guidance from industry leaders.
The 12-week hybrid accelerator program will commence on February 24, 2025, in Los Angeles and culminate with Demo Day presentations on May 12, 2025, in London.
Applications for the next Leap Venture Studio cohort are now open, but they’re closing on September 15!
Global application submissions are expected to increase by more than 40% between 2022 and 2024, resulting in intense competition.
Funding And Mentorship For Pet Care Startups
According to Leap, selected startups will receive an investment of $200,000, alongside custom mentorship from experts in the pet care industry.
The program aims to prepare these startups for future fundraising through group sessions, workshops, and fireside chats with industry leaders.
Following the success of including an impact-focused company in the previous cohort, Leap Venture Studio will reserve one Impact Seat for a startup that demonstrates a measurable positive impact on the pet care ecosystem.
This initiative is open to both non-profit and for-profit models that focus on scalable, positive impacts.
Since its inception in 2018, Leap Venture Studio has supported 51 companies, which have collectively raised over $200 million in follow-on capital and achieved two successful exits.
According to a recently published Global Newswire report, the global pet care market is expected to grow from $324.19 billion in 2024 to $597.51 billion by 2033, with a compound annual growth rate (CAGR) of 7.03%.
This growth is fueled by rising awareness of animal welfare and the increasing adoption of pets, making it a fertile ground for innovation and investment.