On March 4, Mars Petcare, the leading company in pet health and nutrition; Michelson Found Animals Foundation, a non-profit dedicated to keeping pets safe at home with the pet parents who love them; and R/GA Ventures, the investment arm of the global agency R/GA, announced the companies that will participate in the second cohort of the Leap Venture Studio (Leap): the first and only startup program designed to foster innovation in the fast-growing pet industry.
While the startup community is responding to owners demanding more for their pets, there are few platforms that offer access to both the category and business expertise necessary to scale a company in this space. As seen by the success of the first program, Mars Petcare and Michelson Found Animals together with R/GA Ventures are uniquely positioned to impact early and growth-stage companies, by granting them access to their wide-range business networks, industry knowledge, and creative capital. This distinct set of partners are grounded by a common goal: help founders build sustainable businesses by generating solutions for pets and their owners.
For the second Leap cohort, companies went through an extensive vetting process, where the partners explored opportunities in a variety of growing categories in petcare including insurance, travel, and pet-savings –among others– before ultimately arriving at their final cohort. The six companies selected represent a diverse mix of entrepreneurs looking to revolutionize products and services ranging from sustainable nutrition to predictive algorithms in pet-health.
The following are the companies participating in this cohort:
In line with the first iteration of Leap, companies in the second program will work with a curated team of R/GA strategists, technologists, designers, and consultants. Startups receive additional mentorships from executives at Mars Petcare, Michelson Found Animals, and their extended networks of expert advisors.
These collaborations intend to help companies enhance their business plans, prepare for fundraising milestones, and establish minimum viable brands.
The Leap program will be hosted at the R/GA office in Los Angeles, CA, a city well known for being at the forefront of pet friendly policies. The program will conclude in May with a demo event at which each startup will present to industry leaders, partners, investors, and customers from the technology and innovation community. If you are interested in attending the demo event, please email us at email@example.com for more information.
By Lindsay Beaton
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By Lindsay Beaton