German vet start-up Filu Vet closes €5 million investment
The company discusses with GlobalPETS where it plans to allocate the new capital.
Filu Vet has closed a seed funding round of €5.1 million ($5.5M) a year after announcing a €2 million ($2.17M) funding round that helped the business open its first veterinary practice in Munich.
Most of the funding will primarily go toward business expansion and expanding the business’s reach. The capital injection will also be used to implement new projects like membership.
The start-up also aims to open its second Munich-based practice in January 2024. CEO Christian Köhler confirmed to GlobalPETS that a third practice in Düsseldorf will be added to the portfolio in the first quarter of 2024. “In Munich, we plan to open 5 to 6 practices in 2 to 3 years,” Köhler points out.
Filu constructs technologically advanced veterinary clinics designed to address emergencies, perform surgeries, and provide preventive care. Additionally, the company specializes in a range of services, including preventive care, surgeries, dental procedures, diagnostics, and telehealth.
Upheaving Filu’s tech platform
The German start-up also has a close working relationship with vet company Bond Vet, which recently raised $50 million (€46M) in funding. Köhler confirms they are working with the American vet service provider to develop Filu’s “efficiency.”
Co-founder of Bond Vet, Lukas Keindl, originally joined Filu as an angel investor and advisor and has now joined the company’s board. Keindl recognized “the massive opportunity” in the largely fragmented German market and said he is “confident” that Filu will become a European leader in the sector.
