Investor profile
Companion Fund (Digitalis Ventures)
See how your deck fits this investor's thesis, stage, and ticket size.
Analyse your fitInvestment thesis
Through the Companion Funds — a $100m first fund (2018) and a $300m second fund (2023), both backed solely by Mars Petcare — Digitalis Ventures invests in companies leveraging breakthrough science, technology, and design to improve animal health. The fund backs founders across stages, from early seed rounds to growth-stage Series B–D, in veterinary diagnostics, veterinary medicine, information technologies, online platforms, pet nutrition, and therapeutics. Companion Fund II broadens the aperture to write $10m–$30m cheques and support portfolio companies through multiple rounds of financing. The fund's partnership with Mars Petcare — the world's largest employer of veterinarians, with 2,500+ clinics and labs across 130+ countries — gives portfolio companies privileged access to operational expertise, distribution networks, and scientific resources. Investments are focused primarily on the United States and Europe, with the fund also running the Leap Venture Studio accelerator in partnership with Michelson Found Animals and R/GA Ventures for the earliest-stage founders.
Notable quotes
“The first fund was $100m, and this one being $300m really opens up the aperture for us to enter companies at growth stage and support the companies we're already in through their growth stages.”
“Animal health and pet care is a relatively non-cyclical industry. You don't typically see major drops in spend for core essentials like pet food or pet healthcare relative to other consumer categories.”
“With our second Companion Fund, we are eager to support the next wave of great ideas for advancing animal health at scale. Our partnership with Mars makes these advances possible.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Napo | Series B | $15m | 2025-02-27 |
| Native Pet | Series A | — | 2023-08-10 |
| Vedi | Seed | — | 2023-02-24 |
| Scratchpay | Series C | $17m | 2022-09-20 |
| MoeGo | Series A | — | 2022-10-06 |
| Pawp | Seed | — | 2021-01-01 |
| Smalls | Series B | $19m | 2021-03-01 |
| PetMedix | Seed | — | 2019-01-01 |
| ScoutBio | Seed | — | 2021-01-01 |
| Mollybox | Series A | $13m | 2019-01-01 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Michelson Found Animals Foundation | 5 |
| Leap Venture Studio | 5 |
| R/GA Ventures | 4 |
| 301 Inc (General Mills) | 2 |
| TTV Capital | 2 |
| Cloyes Ventures | 1 |
Fit check
Is Companion Fund (Digitalis Ventures) a match for your startup?
Upload your deck and get an instant AI-powered fit analysis — see exactly how your startup aligns with this investor's thesis, stage focus, and ticket size.
Analyse your fit