KNOXVILLE, TN — Easyvet, a walk-in veterinary clinic group, announced the close of a $7 million funding round.
The Series A round was led by Relevance Ventures.
The capital will be used to “grow our resources, expand new hires, increase learning management tools, focus on ways to improve the veterinary experience, and improve technologies that contribute to the success of our franchisees,” according to a press release from easyvet.
Easyvet is made up of 30 franchisees and currently has 12 locations in seven states. Leasing and construction is underway for 27 additional locations.
Founded in 2013, as the nation’s first walk-in veterinary franchise, easyvet is dedicated to making pet care more convenient and affordable for pet parents and clinic ownership easy for veterinarians and investors. The easyvet franchise model is transforming veterinary medicine, lowering the costs of quality care for pets, meeting the needs of pet parents and veterinarians, and allowing more vets the freedom to start their own practice.
This round of funding is led by Relevance Ventures, an early-stage investor based in Nashville, TN, and the only non-tribe affiliated, privately owned and operated Native American venture capital firm in the United States. Relevance strategically invests in solutions that make people’s lives better and add to the harmonic value of community.
“We are thrilled to partner with easyvet, with whom we share many values. We have a deep appreciation for the passion the easyvet team brings to improving the wellbeing of pets and people. They have a compelling vision, a disruptive approach, and a suite of services for the fast-growing pet care market. We are proud to support their mission to reshape the veterinary medicine space,” said Cameron Newton, General Partner, Relevance Ventures. “We look forward to joining the easyvet Board and working with them as they position themselves as industry leaders.”
“We are extremely conscientious when it comes to capital, and in particular how it is being deployed to fuel our growth going forward,” said Tim Schoenfelder, easyvet CEO. “We plan to use this capital to grow our resources, expand new hires, increase learning management tools, focus on ways to improve the veterinary experience, and improve technologies that contribute to the success of our franchisees. Relevance stood out as a partner whose values and ‘harmony investing’ aligned well with our approach to improving the wellbeing of pets and their owners. Relevance understands our business and the market opportunity, and they appreciate our prudent approach to reimagining veterinary services.”
Easyvet offers comprehensive wellness exams, core vaccines, parasite screening and prevention, microchipping, flea, tick and heartworm prevention, behavioral and lifestyle counseling, and more to help pets live longer, happier lives. In the rare case that a pet needs surgery, easyvet has nearby partner practices that will perform pet surgeries. By eliminating in-house surgeries from the menu of pet care services, easyvet can pass on its savings to clients. In addition, easyvet price checks every local veterinary practice in each market to ensure they are providing clients the most affordable rates and packages.
“Today’s announcement is a meaningful milestone for easyvet and the veterinary care industry,” said Dr. Christian Cumberbatch, easyvet Director of Medicine and Franchisee. “With the Series A funding, easyvet will be able to continue providing exceptional veterinary care as well as meet strategic goals in the next phase of growth.”
Easyvet is made up of 30 franchisees and continues to grow. With twelve locations open in seven states, easyvet is rapidly expanding and on track to triple in size by 2022. Leasing and construction is underway for the opening of an additional 27 locations across seven states, including Arizona, Florida, Texas, Georgia, Tennessee, Alabama, and Colorado.
ABOUT EASYVET
Founded in 2013, easyvet is committed to offering convenient and affordable veterinary care from friendly and compassionate veterinarians and staff. What started as a mission of making pet care convenient and affordable for pet parents, has expanded to include making clinic ownership possible for both doctors and investors. For more information, visit www.easyvet.com.
ABOUT RELEVANCE VENTURES
Relevance Ventures provides strategic venture assistance and guidance to entrepreneurs working to foster harmony while delivering a positive communal impact. With over $115 million under management, the firm focuses on opportunities within the health & wellness and fintech/enterprise software industries. The firm specializes in identifying proven management teams with a solid business plan to bring harmony to an addressable market of at least $1 billion. Relevance Ventures was founded by Cameron and Dean Newton, and is headquartered in Nashville, Tennessee. The company is currently raising its fourth fund with a targeted size of $75 million. To learn more about Relevance Ventures, please visit their website at www.RelevanceVentures.com.