Latest round of investments in vet telehealth
The sector is performing well as proven in recent funding rounds closed by players in the US and UK.
California-based Dutch has recently raised $18 million (€16.9M) in a Series B funding round. With the funding, the firm aims to provide access to nationwide vet telehealth in the US, company CEO Joe Spector told Axios.
The CEO hopes the telehealth platform can be an example for other US states that have restrictions on access to pet care through technology to push for changes in legislation. The company also delivers pet prescriptions to their clients’ homes.
Last year, the vet telehealth firm also completed a Series A funding round of $20 million (€18.8M), led by Californian company Eclipse Ventures, joined by Forerunner Ventures and Bling Capital.
Dutch has been enjoying a successful start since it was founded in 2021. The relatively new company received recognition when it was named by Time magazine as one of the best inventions of 2022.
Vidivet and Airvet
In the UK, pet telehealth company Vidivet reportedly received a “6-figure investment” from UK fund management company River Capital.
The specific amount was not disclosed. The Liverpool-based company sparked interest as it was listed as one of Tech Nation’s top 10 most exciting early-stage companies in the UK.
Other US-based companies have also announced major investments, such as Airvet, with over $33 million (€31.1M) raised.
In addition, Austin-headquartered Televet rebranded as Otto last month and raised a total of $43 million (€40.5M) to develop its business.
Share this story:
