Pet sitting marketplace Mad Paws has raised a $5 million Series A round from investors including Qantas and the Scale Up Media Fund, with existing backer Tim Fung, CEO of Airtasker, also doubling down on his investment in the company and joining the Mad Paws board.
A two-sided marketplace is a marketplace where you have two distinct user groups: you have supply on one side and demand on the other, and generally in a hyperlocal area.
Sydney pet sitting startup Mad Paws has today announced a partnership deal with Australia’s largest pet supplies retailer, PETstock. The partnership will allow PETstock customers to book a Mad Paw pet sitters in one of the company’s 120 stores across Australia and through the PETstock website.
This morning, Sydney-based Mad Paws, a fast-growing marketplace for pet services, has raised $1.1 million in an oversubscribed funding round. Investors that contributed to the round include Macdoch Ventures, cofounder of HotelsCombined Michael Doubinski, Commonwealth Bank Group Executive Matt Comyn and Managing Director of Amazon Web Services Paul Migliorini.