Business

PetScreening closes $80 million in Series B funding

John R. Bradford III is founder of Mooresville-based PetScreening and a member of the NC House of Representatives

March 6. Mooresville-based PetScreening, which offers the rental housing industry pet policy management software at no cost to property owners and managers, has received $80 million in Series B funding. The funding round, led by Volition Capital and Guidepost Growth Equity, will be used to continue to grow the company’s market presence, build its team and bring innovative products focused on maximizing pet- and assistance animal-related compliance to market.

PetScreening founder John Bradford is a Cornelius resident as well as a former member of the Cornelius Town Board and the NC House of Representatives.

Quotable

“PetScreening has built a clear reputation as the industry’s premier pet management and assistance animal compliance platform. We’ve done this in large part because our solutions and our team offer housing providers unparalleled support in complying with the Fair Housing Act and other applicable regulations. As we move forward, we’re excited about our ability to innovate and provide clients even more valuable tools to ensure compliance, reduce risk and manage onsite pet and animal populations,” Bradford said.

Background

PetScreening now serves more than 7 million rental units in the multifamily, single-family, student, affordable, manufactured and military base sectors nationwide.  Since its launch in 2017, the company has helped owners and operators capture nearly $300 million in pet-related revenue that otherwise would have been lost. Over 1.3 million reasonable accommodation requests for assistance animals have been created through its platform.

PetScreening has more than 135 employees and occupies 32,000 square feet of modern, pet-friendly office space in Mooresville.

The company, which plans to significantly expand its headcount this year, has been recognized on the Inc. 500 and Deloitte Technology Fast 500 lists.

PetScreening also has continued to innovate for pet owners by launching a no-cost, one-of-a-kind “Amber Alert” service for lost dogs (FidoAlert) and cats (TabbyAlert) and acquiring a veterinarian-driven content asset, BetterPet.com.

How it works

PetScreening lets renters to share information about their pets while helping property owners apply pet policies fairly and consistently.  Through the PetScreening platform, a rental applicant enters information about their pets into the only centralized pet-screening database to analyze rental housing-related risk.

The platform weighs various pet-related factors, including a community’s specific restrictions, such as breed, weight and age. This provides property owners with a streamlined process to comprehensively assess a specific pet and pet owner who wants to live at a rental property.

Non-pet owning residents fill out a free profile to demonstrate they are aware of the community rules and will adhere to them should they acquire, foster or sit for a pet/animal during their stay. PetScreening also evaluates reasonable accommodation requests for service animals and support animals within the rental housing industry.

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