Vetted Capital aims to raise between $150 million and $300 million to back pet-care startups.

Butternut Box, a tech-enabled dog food company, has raised £280 million (around $351.5 million).

Venture deal activity in European pet tech has slowed after a surge in investment fueled by the pandemic.

Pet adoptions surged during 2020’s lockdowns, with nearly 20% of US households taking in a dog or cat. A surge in venture activity has followed, as investors back an increasing number of pet-focused startups.

Chewy priced its shares at $22, a day after upwardly revising its range, raising $1 billion for the pet supply retailer and its owner, PetSmart. We took a look at the numbers behind the upsized IPO.

In 2008, VC investment in the pet tech industry totaled around $1 million. Fast forward a decade, and funding in the space is on pace to surpass $600 million this year.