- Austin-headquartered digital communications platform offers vets and pet homeowners elevated comfort with out sacrificing the standard of care
- Seed spherical co-led by Dundee Venture Capital and Mercury Fund with participation from GAN Ventures
- Americans spent $18.1 billion in 2018 on veterinary care, one-fourth of the overall total spending within the U.S. pet trade
- Team seems to be to develop engineering and account administration expertise
AUSTIN, Texas–(BUSINESS WIRE)–January 7, 2020–
TeleVet, a web based platform that connects veterinary clinics to their present shoppers, has introduced it has closed a seed funding spherical of $2M. The spherical is co-led by Dundee Venture Capital and Mercury Fund with participation from GAN Ventures, enabling TeleVet to additional spend money on key hires and product innovation to fulfill the rising demand for its telemedicine platform and apps.
TeleVet is on a mission to raise the connection between the practically 33,000 veterinary clinics and the greater than 160 million pet homeowners in the U.S. by way of seamless communication throughout acquainted channels comparable to texts, emails and video calls. Veterinarians typically face lengthy hours with quite a lot of day by day stressors. In many areas of the nation, they could be the one practitioner for lots of of miles, placing further stress on their schedule.
TeleVet is concentrated on assuaging these challenges for veterinarians by way of a greater work-life steadiness by defending their private info and time, whereas nonetheless enabling them to simply present care and generate income for their clinic.
“Over the past four years, we’ve become extremely close to our customers and the industry,” stated 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 combine TeleVet into their present workplace workflow, immediately receiving and scheduling digital consultations, on-line appointment scheduling, digital prescriptions and rather more. Through partnerships with Embrace pet insurance coverage, Vetsource for house prescription supply and Covetrus’ observe administration software program, TeleVet offers observe homeowners useful instruments to comprehensively run each facet of their workplace.
“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,” stated 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,” stated 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.”
About TeleVet TeleVet offers an built-in cell app extension to present veterinarian observe administration programs. The TeleVet app permits two-way communication between shoppers and veterinary workers, enabling telemedicine, appointment scheduling, digital prescriptions and rather more. Now, veterinary clinics can present a contemporary, cell communications expertise with their shoppers, saving them money and time in addition to offering the most recent in skilled care. TeleVet integrates seamlessly into an present workplace workflow in as little as 5 minutes, with no setup price and limitless dwell assist. Founded in 2015, TeleVet strengthens the connection between veterinarians and their shoppers by embracing the Veterinary Client Patient Relationship. The firm has raised $2.3M to this point. For extra info, please go to GetTeleVet.com.
About Dundee Venture Capital Dundee Venture Capital is a lead seed stage investor in high-growth expertise companies situated in The Mighty Middle. Founded in 2010, Dundee Venture Capital has made 50 investments throughout 19 non-coastal cities in enterprise, client, and frontier sectors. We consider that a number of the most impactful expertise corporations are being constructed outdoors conventional coastal hotbeds, and we try to be the popular seed accomplice for these companies. Learn extra by visiting: dundeeventurecapital.com or observe us on Twitter: @dundeevc.
About Mercury Fund Mercury Fund is an early-stage enterprise capital agency based mostly in Houston, Texas and Ann Arbor, Michigan. With over $275 million underneath administration, Mercury focuses on entrepreneurs and expertise innovation originating within the U.S. Midcontinent. The agency’s funding themes goal SaaS, Cloud, and Data Science/AI platforms that make the commercial ecosystems of Middle America extra aggressive and environment friendly. For extra info, please go to http://mercuryfund.com/.
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