Putting an end to a fierce competition to dominate the pet-sitting business, Rover and DogVacay have agreed to join forces. Rover will be acquiring DogVacay in an all-stock deal.
DogVacay’s investors, including Benchmark, Andreessen Horowitz, First Round and Foundation Capital, will now become Rover shareholders. Further terms of the deal were not disclosed, but “all of our investors are extremely happy with their return,” claimed DogVacay founder Aaron Hirschhorn.
Existing Rover CEO Aaron Easterly will remain in charge. Aaron Hirschhorn, who founded DogVacay, will remain involved throughout the integration and will be taking a board seat.
“We get to continue the mission, that’s what’s so exciting,” said Hirschhorn about the company sticking to its core…