Funding

FirstVet Funding News – FirstVet Raises €20M Series C Funding

Jun 24, 2024 | By Team SR

FirstVet, online petcare platform has raised €20M Series C funding led by TELUS Global Ventures, the strategic investment arm of global technology company TELUS. This funding will support FirstVet's expansion, while accelerating product development to explore new types of partnerships.

SUMMARY

  • FirstVet, online petcare platform has raised €20M Series C funding led by TELUS Global Ventures
  • Founded in Stockholm in 2016, FirstVet is serve as the first point of contact for pet parents by making first class pet care easier,

The round is supported by existing investors including OMERS Ventures, Mubadala Capital and Cathay Innovation.

Read also - CUREosity Funding News – CUREosity Secures €3.8M to Advance VR Therapy for Rehabilitation

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"FirstVet is the only company offering pet telehealth on a global scale, and TELUS Global Ventures is an ideal partner for our next phase of growth," said David Prien, CEO and co-founder of FirstVet. "As digital vet services rise in popularity, driven by rapidly changing regulations, we are excited to bring our proven and successful platform from Europe to North America, where the market is booming and ready for us. We have already established ourselves as the essential telehealth partner to European pet insurers. With support from TELUS Global Ventures, we aim to scale our services in North America, extending our reach through new types of partnerships. Our US business has grown significantly, and with TELUS Global Ventures, we are poised to accelerate this progress".

"As a global leader in identifying and supporting innovative companies, we are pleased to increase our investment in FirstVet, a leading pet telehealth business providing a comprehensive digital care journey for pet parents searching for the best care for their pets," noted Terry Doyle, Managing Partner, TELUS Global Ventures.

About FirstVet

Founded in Stockholm in 2016, FirstVet is serve as the first point of contact for pet parents by making first class pet care easier, cheaper and more enjoyable to access wherever, whenever. Offering on-demand access to trustworthy knowledge and advice from licensed veterinarians as well as science-backed products and services, it provide pet parents with a community of professionals to turn to for support.

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