AUSTIN, TX — TeleVet, an online platform that connects veterinary clinics to their clients, announced that it has closed a seed funding round of $2 million.
The round is co-led by Dundee Venture Capital and Mercury Fund with participation from GAN Ventures, enabling TeleVet to “further invest in key hires and product innovation to meet the growing demand for its telemedicine platform and apps,” according to a press release.
TeleVet states that it is “on a mission to elevate the relationship between the nearly 33,000 veterinary clinics and the more than 160 million pet owners in the U.S. through seamless communication across familiar channels such as texts, emails and video calls.”
“Over the past four years, we’ve become extremely close to our customers and the industry,” said TeleVet co-founder and CEO Steven Carter. “Running a veterinary practice can be stressful. You’re expected to be constantly available and always have the answers. We want to show veterinarians that we don’t just care about your practice, we care about you.”
Veterinarians can integrate TeleVet into their existing office workflow, instantly receiving and scheduling virtual consultations, online appointment scheduling, digital prescriptions and more. Through partnerships with Embrace pet insurance, Vetsource for home prescription delivery and Covetrus’ practice management software, TeleVet gives practice owners valuable tools to comprehensively run every aspect of their office.
“We’re bullish on the pet technology space, particularly solutions like TeleVet that serve both sides of the market. Pet owners have spent roughly $18 billion annually on veterinary care in the last two years, making veterinary care the fastest-growing category in Pet Tech,” said Allie Esch at Dundee Venture Capital. “TeleVet will power the next generation of veterinarians who are quick to adopt digital technology, recognizing that revenue, retention rates and care can improve through tech adoption.”
“TeleVet provides a modern, mobile experience for veterinarians and practice owners,” said Blair Garrou, managing director at Mercury Fund. “Now pet owners can communicate with their vet as easily as they do with any other service provider. With more than 30,000 veterinary practices in the U.S., there’s a huge opportunity ahead for TeleVet.”