Spending on Pets and Investing in Pet Startups Continues to Grow
Small Business Labs
MARCH 23, 2021
U.S. spending on pets reached nearly $100 billion in 2020, up from $95.7 billion in 2019, according to the American Pet Products Association. And according to Crunchbase News bad pet pun infused article Pets Became Purrfect Pals During Pandemic While Startup Funding Didn’t Lay Down , 55 pet startups raised $281 million in venture funding in 2020 (chart below).
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