TeleVet Closes $2M Seed Funding Round, Simplifies Telemedicine for Veterinarians

TeleVet, an online platform that connects veterinary clinics to their
existing clients, has announced it has closed a seed funding round of
$2M. The round is co-led by Dundee Venture Capital and Mercury Fund with
participation from GAN Ventures, enabling TeleVet to further invest in
key hires and product innovation to meet the growing demand for its
telemedicine platform and apps.

TeleVet is on a mission to elevate the relationship between the nearly
33,000 veterinary clinics and the more than 160 million pet owners in
the U.S. through seamless communication across familiar channels such as
texts, emails and video calls. Veterinarians often face long hours with
a variety of daily stressors. In many areas of the country, they might
be the only practitioner for hundreds of miles, putting extra pressure
on their schedule.

TeleVet is focused on alleviating these challenges for veterinarians
through a better work-life balance by protecting their personal
information and time, while still enabling them to easily provide care
and generate revenue for their clinic.

“Over the past four years, we’ve become extremely close to our customers
and the industry,” said 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 integrate TeleVet into their existing office workflow,
instantly receiving and scheduling virtual consultations, online
appointment scheduling, digital prescriptions and much more. Through
partnerships with Embrace pet insurance, Vetsource for home prescription
delivery and Covetrus’ practice management software, TeleVet gives
practice owners valuable tools to comprehensively run every aspect of
their office.

“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,” said
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,” said 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 provides an integrated mobile app extension
to existing veterinarian practice management systems. The TeleVet app
allows two-way communication between clients and veterinary staff,
enabling telemedicine, appointment scheduling, digital prescriptions and
much more. Now, veterinary clinics can provide a modern, mobile
communications experience with their clients, saving them time and money
as well as providing the latest in professional care. TeleVet integrates
seamlessly into an existing office workflow in as little as five
minutes, with no setup fee and unlimited live support. Founded in 2015,
TeleVet strengthens the relationship between veterinarians and their
clients by embracing the Veterinary Client Patient Relationship. The
company has raised $2.3M to date. For more information, please visit
GetTeleVet.com.

About Dundee Venture Capital Dundee Venture Capital is a lead
seed stage investor in high-growth technology businesses located in The
Mighty Middle. Founded in 2010, Dundee Venture Capital has made 50
investments across 19 non-coastal cities in enterprise, consumer, and
frontier sectors. We believe that some of the most impactful technology
companies are being built outside traditional coastal hotbeds, and we
strive to be the preferred seed partner for these businesses. Learn more
by visiting: dundeeventurecapital.com or follow us on Twitter: @dundeevc.

About Mercury Fund Mercury Fund is an early-stage venture capital
firm based in Houston, Texas and Ann Arbor, Michigan. With over $275
million under management, Mercury focuses on entrepreneurs and
technology innovation originating in the U.S. Midcontinent. The firm’s
investment themes target SaaS, Cloud, and Data Science/AI platforms that
make the industrial ecosystems of Middle America more competitive and
efficient. For more information, please visit http://mercuryfund.com/.

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