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{{#if first_name}}Hi, {{capitalizeFirst (lower first_name)}}.{{else}}Hi.{{/if}} As pet parents double down on treating their dogs and cats more like kids, startups are racing to meet demand with everything from CBD chews for dogs to drugs for feline neurodegeneration. A review of Crunchbase data shows funding to pet-related startups remains strong as investors bet that the future of pet care is more medical, more personalized — and more lavish — than ever. Plus, thousands more AI-related job cuts land on our Tech Layoffs Tracker, and November’s global startup funding numbers were juiced by a bevy of huge funding rounds. 🐶 Startups chase a future of healthier, happier, longer-lived petsCrunchbase data shows investors have poured more than $660 million into pet and veterinary startups globally this year — fueling startups working on products including telehealth veterinary care, longevity drugs for dogs, and even GLP-1 shots for obese cats. As consumers spend more than ever on their animals — and show no signs of pulling back — investors continue to back startups betting on smarter care, healthier pets and increasingly luxurious lives for our furry companions. Related Crunchbase lists: 🔥 Startup funding sizzles as megarounds hit 3-year highVenture capital continued to concentrate into the largest companies last month, Crunchbase data shows. A stunning 43% of the nearly $40 billion raised by startups in November went to just 14 companies that each raised rounds of $500 million or more. That marked the largest number of such megarounds raised in a single month in the past three years. ✂️ Layoffs tracker: HP takes aim at thousands of jobs in AI pushHardware manufacturer HP tops our layoffs tracker this week with plans to cut as many as 6,000 workers in coming years as it ramps up its AI efforts. Other companies who joined the tracker included Omnicom Group, which is shedding about 4,000 employees following its $9 billion merger with Interpublic Group, and a home healthcare startup that shut down completely, citing an uncertain regulatory environment. 🪖 VCs mobilize around defense tech, push funding into new territoryIt’s been a massive year for investment in defense tech startups, Crunchbase data shows. Global funding into the sector has already hit $7.7 billion across close to 100 deals in 2025 — an all-time high and already well over double last year’s total — as investors bank on the fact that governments around the world are ramping up their focus on next-generation warfare and national security tech. Related Crunchbase lists: |
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