Vets First Choice, a Portland, Maine-based provider of technology enabled healthcare services for veterinary medicine, received a $223m strategic investment.
The round was led by Clayton, Dubilier & Rice and Hillhouse Capital Group, which previously invested in Vets First Choice in 2015, with participation from Viking Global Investors, Wellington Management Company, Rock Springs Capital, and Sequoia Heritage. In conjunction with the funding, Betsy Atkins, Founder of Baja LLC, and Terry McGuire, Founder of Polaris Partners, have joined the company’s Board of Directors. A representative from Hillhouse will also join the Board.
The company intends to use the funds to launch new innovative services, accelerate adoption of its proven platform and to support development of more advanced population health services on a global scale.
Led by Benjamin Shaw, Co-Founder and CEO, David Shaw, Co-Founder and Board Chair, Vets First Choice provides a platform that allows practitioners to track medication and service compliance and to pro-actively engage clients. In addition, it facilitates medication dispensing to pet owners through an e-commerce platform, helping veterinarians compete with larger online competitors.
Vets First Choice currently provides technology solutions and support services to more than 20,000 veterinary practices partners.