FirstVet, a Stockholm, Sweden-based company which provides pet-owners with on-demand video consultations from local, qualified veterinarians, raised $35M in funding.
The round was led by Mubadala Investment Company’s financial investment arm, Mubadala Capital, with participation from Cathay Innovation alongside existing backers, OMERS Ventures and Creandum.
The company, which has raised a total of $65M since being founded in 2016, intends to use the funds to launch in the United States, where it already has an operational team of 14 staff members.
Led by David Prien, CEO, FirstVet is a mobile app service that offers video call veterinary consultations for owners of cats, dogs, rabbits, reptiles, to birds, hamsters, and horses. Available on iOS and Android, FirstVet allows pet-owners to arrange video calls with registered vets who, in addition to offering advice on treatments and symptoms, can also refer them to a local vet. Video appointments can be booked in as often as necessary, with users often being able to meet with vets within 30 minutes.
Since 2016, the company has expanded to the Nordics, the United Kingdom, and Germany, employing a team of 55 staff and 250 veterinarians. Through its partnerships with over 40 insurance companies across Europe, the platform is currently available to over 7 million pets.
FinSMEs
25/11/2020