As Pet Ownership Skyrockets, Leap Announces Four Legged-Focused Accelerator Class

Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.

As Pet Ownership Skyrockets, Leap Announces Four Legged-Focused Accelerator Class

Leap Venture Studio, the first studio focusing entirely on upending the booming $95 billion pet industry with plant-based dog foods and smart cat litter boxes, has announced its fourth class of furry-friendly startups.

Leap is based in Los Angeles, but none of the startups are here, even though the city is home to a bevy of companies catering to furry friends.

"COVID has really opened the doors in terms of doing this virtually and we have opened the doors to more international companies this year than ever before," said Brett Yates, CEO of the animal welfare charity, Michelson Found Animals, who also oversees the studio. "In this particular cohort, we're representing six different time zones and four different countries."

The pandemic has created scores of new pet owners, increasing U.S. pet adoption by 35% in 2020, according to Rover, a pet sitter and dog walker booking site that filed to go public via a SPAC Thursday.

Rover estimates in its securities filing that the size of the U.S. pet market is $95 billion, but sees its "total scaled opportunity" growing to $113 billion by 2030. That's up from $45 billion a decade ago.

Toletta, one among Leap Venture Studios' class members, created a "smart" cat litter box.

Still COVID has had a dual effect, helping some businesses like the online retailer Chewy and others that sell pet food but hurting businesses like Rover, which are not needed when pet owners are rarely traveling.

Leap's portfolio company, L.A.-based Dogdrop, was also decimated, with pet owners not going to work and fearful of having their dogs socialize.

"People were afraid to take their dog to a place like that so they've had to rethink a lot of their business practices," Yates said.

But CEO and co-founder of Dogdrop Shaina Denny said the startup is actually doing well, disputing the characterization. "Our business has grown throughout COVID and we have only seen our proof of concept of short term stays (2-4 hours) of daycare use grow as people work from home and need to get their dogs out of the house to socialize," she said.

Still, the fastest-growing segment of the pet industry is plant-based foods, according to Yates. Just as humans have grown increasingly conscious about what they are eating, they no longer want to feed their dog Purina mystery meat.

"Meat based diets are no longer expected to be the norm for dogs or for cats," Yates said. "I think that is a really nascent part of the industry where there's a lot of conversation on both sides where people will say, 'My dog is a meat eater, period, end of story,' and then you've also got people that are typically more millennial that are saying, 'Yeah, I'm flexitarian or vegetarian or vegan, and my dog should eat that same way."'

Leap is a partnership between Mars Petcare, the animal division of the candy giant, along with Michelson Found Animals Foundation and R/GA Ventures.

Nestle's Purina also launched a startup accelerator last year.

The 12-week Leap Venture Studio culminates in an online pitch event held in May. Companies receive an investment of up to $200,000 if selected into the program.

Pet tech startups in Los Angeles County have raised more than $500 million in the last six years, according to Pitchbook data. However, most of that came from the $300 million that Softbank invested in the struggling dog walking marketplace Wag, before the Japanese bank abandoned its investment in 2019. Wag relocated what remains of its leadership and staff from West Hollywood to the Bay Area before the pandemic.

Here is the complete list of startups in the 2021 cohort:

  • Oliver Pets (Mexico City, Mexico and Buenos Aires, Argentina): Oliver Pets is the all-in-one service platform that makes pet parenting more simple and fun.
  • Pebble Naturals (Moss Beach, California): Pebble helps shelters save money on drugs by connecting them directly to manufacturers.
  • Petaluma, Inc. (Oakland, California): Petaluma is a public benefit corporation that formulates sustainable dog nutrition with environmentally friendly and animal-free ingredients.
  • petNmind Naturals (Coconut Creek, Florida): petNmind's mission is to enhance the bond between pets and their humans by focusing on quality products, insightful education, simple pet-washing services, and local product delivery, which creates peace of mind for pet parents and a healthy lifestyle for pets.
  • The Bark Shoppe (New York City): The Bark Shoppe is a pet care company specializing in pet grooming. They aim to standardize and certify pet groomers with their flagship grooming school and online training platform.
  • THE PACK (London): THE PACK are on a mission to cook-up drool-inducing plant-based meals for every dog-bowl in the world — a kind that's better for dogs, and their planet too.
  • Toletta Cats Inc. (Fujisawa, Japan): Toletta® is a "smart" cat litter box capable of detecting early symptoms of common feline diseases, without the stress of a veterinarian visit.
  • Woof Together (Athens, Greece): Woof Together is a startup setting the standards in pet-friendly hospitality by assessing, certifying and training pet-friendly hospitality businesses.
Editor's note: This story has been updated to include the comments of Dogdrop CEO Shaina Denny.

Subscribe to our newsletter to catch every headline.


Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

The Marina del Rey-based unicorn, which makes cartoon-like avatars for celebrities and aims to “build an avatar for every single person on Earth,” didn’t go under. Rather, Genies announced it would stay quiet for a while to focus on building avatar-creation products.

Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

Read moreShow less

Here's What To Expect At LA Tech Week

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

Read moreShow less

Body Complete Rx Founder Samia Gore On How She Turned Her Fitness Journey Into a Multi-Million Dollar Company

Yasmin Nouri

Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

Body Complete Rx Founder Samia Gore
Courtesy of Behind Her Empire, Samia Gore

Samia Gore was a mother of four when she decided to take a shot at starting her own business.

On this episode of the Behind Her Empire podcast, the Body Complete Rx founder discusses how her personal journey with health and fitness became the catalyst for a booming business.

Read moreShow less