Vet software startup raises $11 million in funding round
Digitail claims its software slashes administrative tasks by 40 to 60%, allowing vets to see twice as many patients per day.
The firm will use the $11 million (€10.1M) raised in January 2023 to expand its reach to the US and Canada.
The new funds will also support the development of the platform. The company works with more than 750 organizations globally and helps vet clinics in their administrative tasks by digitalizing processes. These processes include appointing scheduling, data organization, accounting, billing, and customer communication.
The Series A round was led by Atomico, who joins previous investors byFounders, Gradient, and Partec. Atomico Principal Andreas Helbig joined Digitail’s board as part of the investment.
Increasing efficiency
Sebastian Gabor, Digitail’s CEO and Co-Founder said that most vet practices still use “old and legacy systems” to manage admin tasks like scheduling, inventory management, invoicing, and manual data entry of patient records. This system places a lot of pressure on the clinics.
“Unlike the medical industry at large, digital transformation is yet to touch large parts of the veterinary industry,” he added.
The company raised $2.5 million (€2.3M) from Google AI – Google’s division dedicated to artificial intelligence –, byFounders, and Partech in 2021.