FirstVet’s €20m Series C led by TELUS Global Ventures
We are pleased to have acted as exclusive financial adviser to FirstVet, the leading digital veterinary clinic offering vet consultations, e-commerce store and pharmacy, on its €20M Series C funding round led by TELUS Global Ventures. The investment will support FirstVet’s North America expansion, while accelerating product development to explore new types of partnerships. The round is supported by existing investors including OMERS Ventures, Mubadala Capital and Cathay Innovation.
Founded in Stockholm in 2016, FirstVet provides a comprehensive veterinary services solution including telemedicine, e-commerce and pharmacy. With partnerships spanning over 60 major insurance companies globally, including Nationwide in the US, FirstVet offers its services at no additional cost to over 5 million insured pets. FirstVet improves the efficiency of vet care by being the initial point of contact for pet owners. The platform currently supports 400 veterinarians and nurses. Veterinarians appreciate virtual vet care as it represents a flexible and effective working role, providing relief in a field often marked by staff shortages and other challenges.
Headquartered in Canada, TELUS Global Ventures, the strategic investment arm of global technology company TELUS, leverages deep insights from TELUS’ global businesses to provide investment partners with opportunities for tangible growth and traction. To date, they have funded more than 150 companies that are poised for significant growth and market transformation, spanning 10 countries and 5 continents.
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