Modern Animal

Raising $46M in a challenging market for brick-and-mortar businesses

Key Results

1

Raised $46M Series D in a cautious market for operationally complex, four-wall businesses

2

Partnered closely with a respected founder and leadership team to articulate the company’s growth story in depth

3

Earned investor conviction by pairing brand purpose with clear proof of scalability

Overview

Modern Animal reimagines the veterinary experience: blending best-in-class veterinary medicine, concierge-level care, and a seamless digital member platform.

By late 2024, founder and CEO Steven Eidelman was preparing for the company’s next chapter: a Series D fundraise. Modern Animal already had the brand love and customer traction, but investor sentiment had cooled around the venture scalability of four-wall businesses. The challenge was demonstrating how its distinctive brand and tech-enabled care model could scale efficiently beyond California and evolve into a category-defining national platform.

THE CHALLENGE

Contextualizing a complex growth story

Investors loved the mission but wanted clear evidence that the model could profitably scale outside its home market while maintaining its world-class customer experience and operational excellence.

Together, we helped the team:

  • Contextualize early experimentation as an essential phase of model refinement, turning lessons from early clinics into a repeatable playbook for new markets
  • Show how clinic-level performance improves with maturity, as newer clinics consistently outpaced earlier cohorts on both revenue and margin trajectory, validating that their model compounds over time
  • Balance quantitative rigor and emotional resonance, connecting the company’s culture of care with its data-driven discipline

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THE APPROACH

Story as strategy

The challenge wasn’t design polish; it was synthesis. Modern Animal had dozens of slides, metrics,
and narratives; all true, but not yet orchestrated into one cohesive argument.

Our work focused on creating a sophisticated investor story that showed how Modern Animal’s customer experience, technology, and operational discipline worked in concert.

Through a rapid, collaborative process with Steven and co-founder Ben Jacobs, we:

  • Clarified the strategic through-line connecting trust, talent, growth, and innovation; the core principles guiding how Modern Animal operates
  • Translated financial and operational data (like market-level maturity and payback trends) into intuitive, investor-ready visuals
  • Crafted an elevated and beautiful presentation that reflected the intelligence and warmth of the brand
THE OUTCOME

A raise that redefined perception

Modern Animal went on to secure $46 million in Series D funding led by Addition, True Ventures and Upfront Ventures, with participation from Founders Fund. Succeeding in standing out in one of the toughest fundraising climates for operationally complex companies.

The investment narrative we crafted reframed Modern Animal as a technology-enabled growth company, one grounded in brand and mission but built on systems, data, and repeatable execution.

The same framework later served as a foundation for more consistent storytelling, helping the team communicate its progress and vision with a new level of professionalism and cohesion.

Earning the trust to tell a $46M story

We built trust with a top CEO of a well-respected, admired company pursuing a meaningful mission, partnering closely with Steven Eidelman to shape a narrative that reflected the true sophistication of his business.

In a venture market cautious of four-wall businesses, we helped Modern Animal tell a story worthy of its ambition, one that balanced humanity with performance, and transformed investor curiosity into conviction.

“We appreciated having you guys as trusted thought partners throughout the process. You were able to help us tell a pretty complex story and present the data in a way that looked great, felt professional, and you moved at the pace we needed.”

Steven Eidelman, Founder & CEO, Modern Animal