Exclusive: Snout Raises $110 Million to Make Vet Care More Affordable

Snout, a pet wellness plan startup, has raised $10 million in Series A funding led by Footwork and $100 million in debt financing from Clear Haven Capital Management, the company confirmed exclusively to Fortune. Other Series A investors include Bread & Butter Ventures, Pear, and Restive Ventures.

The company, founded in 2023 by Emily Dong, aims to address the high upfront costs of veterinary care in the U.S. Through its membership-based model, Snout covers preventive veterinary services upfront, with customers repaying the costs over time. The plans focus on routine and preventive care, and prices average approximately $65 per month per pet.

According to the company, the debt financing supports the no-interest, no-credit-check repayment system, while equity funding is intended for operational expenses.

The Series A funding marks the first investment from Footwork’s recently raised $225 million second fund. Footwork co-founders Nikhil Basu Trivedi and Mike Smith cited the pet care market’s growth potential and underpenetrated pet insurance segment—currently covering less than 3% of U.S. pets, according to the Insurance Information Institute—as factors influencing the investment.

Dong has more than a decade of experience in the pet industry, including founding Pawprint, which was acquired in 2020. She described Snout’s mission as providing greater access to veterinary services by mitigating the barrier of high immediate costs.

The company emphasizes preventive care and aims to reduce the financial uncertainty associated with veterinary visits.