Vancouver’s Pawsible Ventures Launches $10M Fund and Venture Studio

Canada’s first firm of its kind is creating “the next generation of animal-wellness companies.”

Pawsible Ventures, a venture capital firm and incubator, today announced the launch of its $10 million Fund I to back and co-build the next generation of animal-wellness companies.

“Pet health is one of the fastest-growing industries on the planet, but early stage founders are starved for capital and support,” highlighted Alex Chieng, the firm’s co-founder and CEO. “With Pawsible, we’re not just investing, we’re building. From diagnostics and AI-powered tools to emotional wellness and compounding, our companies will have the capital, IP, and distribution to move fast and make an impact.”

According to Pawsible, even as “pet spending now surpasses baby spending in many households,” the health infrastructure that supports it—from diagnostics and insurance to clinical access—remains broken. A shortage of veterinarians and surge in patient demand have made care “reactive instead of preventative,” while early stage founders looking to innovate in the space continue to face “systemic barriers to funding and scale.”