Small Door Veterinary Raises $55 Million to Scale Proven Membership-Based Model
Small Door Veterinary, the membership-based veterinary care company redesigning the pet health experience, today announced it has raised $55 million in new capital to support its next phase of growth. The raise includes a $35 million equity financing led by Valspring Capital, with participation from existing investors, Primary Venture Partners, C&S Family Capital, Lerer Hippeau, and Toba Capital, as well as a new $20 million debt facility from Bridge Bank, a division of Western Alliance Bank.
The raise comes on the heels of several significant milestones for the company — including the hiring of Kristen Lombardi, the founding Chief Operating Officer of Veterinary Emergency Group (VEG), as Small Door’s first-ever Chief Operating Officer. In addition, Small Door recently opened two new practices in McLean, VA and Park Slope, Brooklyn, further strengthening its presence in the Northeast and Mid-Atlantic.
“We’ve validated our model across multiple cities, and we’ve shown that it’s not just differentiated, but deeply repeatable,” said Florent Peyre, Co-Founder and CEO of Small Door. “This raise gives us the capital — and the confidence — to double down on what’s working. We’ll continue growing in our core markets while preparing for thoughtful expansion into new ones, all with a focus on discipline, sustainability, and member experience.”
“Small Door’s model is one of the most compelling we’ve seen in veterinary care,” said Yumin Choi, Managing Partner at Valspring Capital. “The team has built a category-defining brand with clinical rigor, hospitality-grade service, and a scalable platform. We’re excited to support them as they bring this experience to more pet families nationwide.”
The new capital will fuel continued growth in existing markets, support strategic new openings, and accelerate investments in member services, medical operations, and technology infrastructure — all with a focus on long-term sustainability and operational excellence.
About Small Door Veterinary
Small Door is membership-based veterinary care designed with human healthcare standards. Its unique model combines exceptional primary care, stress-free clinic environments, 24/7 telemedicine, and transparent pricing — creating a better experience for pets, pet parents, and medical teams alike. Founded in New York City, Small Door operates across the Northeast and Mid-Atlantic and is expanding nationally.
About Valspring Capital
Established in 2022, Valspring is a Boston-based growth equity firm founded by the former healthcare investment team of Bain Capital Ventures. With deep sector expertise and a proven track record, Valspring invests in growth-stage companies in the healthcare industry, focusing on the information technology, technology-enabled services and services sectors. Valspring is purpose-built to support scaling the best teams and solutions to achieve outsized impact and accelerate commercial adoption.
About Bridge Bank
Bridge Bank, a division of Western Alliance Bank, Member FDIC, provides a broad range of financial solutions to emerging and established companies, with deep expertise in venture-backed and growth-stage businesses across the country.
Source: www.valspring.com
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