A Chinese Millennial Pet Lifestyle Brand Closed Series B Financing by ClearVue Partners
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Donald Kng, VETRESKA's founder and "Forbes Asia 30 under 30" awardee, said, "The Chinese pet market has grown exponentially over the past decade, creating a great market opportunity to develop a major brand. By incorporating unique and fun designs into pet products that speak to the emotional side of young pet owners, we are confident that our innovation, accessible distribution, and a consumer-centric value system will be significant competitive advantages for us moving forward. With the backing of ClearVue Partners, we will be able to expand our network in global markets and seek crossover collaborations with world-class consumer brands."
"We are extremely excited about China's consumption story, one of the most important investment themes globally over the next decade," said William Chen, Founding Managing Partner of ClearVue. "VETRESKA is undoubtedly a pioneer and industry leader in the emerging pet era with its unique product innovation capabilities and global vision. With ClearVue's expertise and unparalleled experience in building brands, we will support VETRESKA to accelerate its growth and capture the vast opportunity in China for leading domestic brands."
Since its founding in 2012, ClearVue has focused on the growth of consumption in China, with a particular interest in investing firms tapping the country's consumption upgrade, including those that are focused on consumer lifestyles, health and wellness, and the digital consumer.
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