News Summary

Pawsible Ventures, a new Vancouver-based venture fund and studio, has launched with a $10 million inaugural fund aimed at supporting early-stage pet health startups. Co-founded by Shafin Diamond Tejani and Alex Chieng, Pawsible Ventures seeks to address the lack of capital and support for startups in the rapidly growing $250 billion global pet health and wellness market. The studio will offer quarterly cohorts where entrepreneurs and veterinarians collaborate to create and validate new products. The fund, supported by Victory Square, aims to invest in up to 20 startups globally over the next three years, with initial checks ranging from $100,000 to $500,000. Pawsible Ventures plans to leverage Victory Square’s existing distribution partners to bring its companies’ products to market.