The capital injection will accelerate product development and support the company’s expansions plans in North America.
FirstVet, a Sweden-based online pet health service provider, has secured €20 million ($21.4M) in a Series C funding round led by TELUS Global Ventures and existing investors.
The company aims to scale its services, establish new types of partnerships, extend its reach in North America and accelerate its “significant” growth in the US.
“As digital vet services rise in popularity, driven by rapidly changing regulations, we are excited to bring our proven and successful platform from Europe to North America, where the market is booming and ready for us,” says company CEO and Co-Founder David Prien.
Terry Doyle, Managing Partner at TELUS Global Ventures, adds that they are “pleased” to increase their investment in the “leading pet telehealth business.”
FirstVet has partnered with over 60 major insurance companies worldwide, including Nationwide in the US, where it launched in 2020.
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