- Vetster — a comprehensive virtual veterinary and pet care marketplace — announced recently it has raised a total of $12.25 million CAD. These are the details.
Vetster — a comprehensive virtual veterinary and pet care marketplace — announced recently it has raised a total of $12.25 million CAD after only six months since launching its veterinary telemedicine service. This investment was led by Whitecap Venture Partners along with Brightspark Ventures, Hedgewood, and angels including Wealthsimple’s Michael Katchen and Leen Li, Robert Halpern, and Jeff Fettes also contributing to the round.
This round of funding comes on the heels of Vetster exceeding its initial growth targets by over 250%. This investment will be used to fuel the company’s growth and help to expand its preventative and urgent care services including the company’s new mobile app for iOS and Android coming in early June.
Since launching in November 2020, Vetster has quickly established its marketplace across the US and Canada, making it the largest veterinary marketplace available today. And pet owners are securing bookings each day with the thousands of top-rated veterinarians and veterinary technicians available in the Vetster marketplace. Vetster is now on a trajectory to expand into new regions including the UK, Australia, Europe and Asia-Pacific.
In North America, pet ownership reached an all-time high as a result of the pandemic and pet owners are spending more than $100 billion on their pets. And at the same time veterinarians are seeing a rise in pets per practice of almost 50%.
KEY QUOTES:
“Vetster is pioneering the global pet-care industry at a critical time when digital-first solutions are needed to connect pet owners with veterinarians and improve access to care. As the industry adopts telemedicine as a viable path to treat their pet patients and provide care outside of the clinic and clinic hours, Vetster aims to be the leading platform used around the world.”
— Mark Bordo, CEO and CoFounder, Vetster
“The Vetster team’s expertise in building world-class marketplaces is impressive. The company’s growth trajectory, plans for international expansion, and vision for a multi-service pet health marketplace is nothing short of disruptive. We are excited to work alongside the team and help them meet the significant need of the market.”
— Shayn Diamond, Partner at Whitecap Venture Partners
“It’s time veterinarians, technicians and their patients had a safe, secure online platform designed to meet their holistic pet health needs. Vetster is the destination for that care. From virtual appointments, triage, and prescription delivery to pet insurance and pet care products, the Vetster team is ready to deliver a transformative pet care experience.”
— Regan Johnson, CTO and CoFounder, Vetster
