Fortune first reported DogVacay’s Series B1 round, with the two-year-old Santa Monica, Calif. company using the fresh cash to build out its dog-boarding service.
News of DogVacay’s round comes less than a week after actor Ashton Kutcher announced that he was investing in Rover, which is DogVacay’s biggest competitor. Rover, which inked a strategic partnership and investment from retailer Petco last year, has reeled in $26 million since launching in 2011.
Both companies draw comparisons to Airbnb and each has posted impressive growth numbers. Fortune noted that DogVacay just passed 1 million nights booked last month while doubling its volume in the past five months.
Meanwhile, Rover told us in August that it is pulling in “seven figures” worth of revenue every month, and has more than 25,000 dog-sitters in over 9,000 cities across the U.S. Those stats were reported after DogVacay CEO Aaron Hirschhorn said his company’s business was an order of magnitude larger than Rover’s.
We’ve reached out to Rover CEO Aaron Easterly for comment on DogVacay’s latest round and will update when we hear back.