Notes

• Demand for dog walking service down 70% from coronavirus (June 2020)
• Investor SoftBank sold its entire $300 million stake in Wag back to the company at a loss in December 2019
• The Wall Street Journal reported that Wag was looking to sell itself at the end of 2019
• Raised $300 million from Softbank in 2018

Wag is one of the two big-money pet service startups in the US (the other being competitor Rover.)

Wag offers on-demand dog walking through a mobile app. Similar to Uber, the company uses contractors to fulfill its services.

Softbank, the large Japanese investment fund, invested $300 million in Wag in January 2018. In December 2019, Softbank sold its stake back to the company at a loss.