Petvisor raises $100 million strategic investment

Florida-based Petvisor, a veterinary and grooming software platform, has secured a giant investment of over $100 million (€92M) led by private equity firm Apax Digital.

Other investing parties included North Carolina-based equity firm Frontier Growth and New York-based PeakSpan Capital.

Apax Digital’s Principal Mia Hegazy, who will join the firm’s Board of Directors with Partner Dave Evans, highlighted that they were “impressed by Petvisor’s commitment to improving the veterinarian-client relationship.”

“Since Frontier’s initial investment in 2021, Petvisor has scaled revenue and clients by more than 3x through strong organic growth,” adds Dave Pandullo, Petvisor Board Member and Principal at Frontier Growth, one of the company’s to initially invest in Petvisor in 2021.

Business growth 

The main objective of the capital injection is investing in Petvisor’s growth, including using its new assets to advance mobile-enabled solutions and streamline business operations.

Petvisor also plans to accelerate its research and development investments as it grows strategic acquisition opportunities.

The company facilitates 10,000 vet clinics and 400 grooming facilities with its software capabilities.

The software-based business is the parent company of a group of brands, including veterinarian practice management tool PetDesk, appointment scheduling software Vetstoria and management app Groomer.io.