What is FirstVet?
FirstVet operates as a mobile application service, offering video call veterinary consultations designed to provide pet owners with immediate guidance on their pets' health concerns. Established in Stockholm in 2016, the company has successfully expanded its reach across the Nordic region and the United Kingdom. Its core mission is to make veterinary care more accessible and convenient through digital solutions, addressing the growing demand for remote pet health services.
How much funding has FirstVet raised?
FirstVet has raised a total of $82.9M across 4 funding rounds:
Series A
$5.9M
Series B
$20.5M
Unspecified
$35M
Series C
$21.5M
Series A (2018): $5.9M with participation from Creandum
Series B (2019): $20.5M led by Omers Ventures and Creandum
Unspecified (2020): $35M supported by Mubadala, Creandum, Cathay Innovation, and OMERS Ventures
Series C (2024): $21.5M featuring Cathay Innovation, Mubadala Capital, and OMERS Ventures
Key Investors in FirstVet
Mubadala
Mubadala is a global investment company based in Abu Dhabi, focused on creating sustainable financial returns and diversifying the economy.
Creandum
Creandum is a leading European venture capital firm that has backed numerous successful European technology companies, with a focus on early-stage investments.
Cathay Innovation
Cathay Innovation is a global venture capital firm that invests in multi-stage startups making a positive impact through technology, connecting entrepreneurs to a worldwide ecosystem.
What's next for FirstVet?
With the infusion of major strategic investment, FirstVet is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its technological infrastructure, expand its geographical footprint into new markets, and potentially broaden its service portfolio to include additional pet wellness solutions. This funding round signals strong investor confidence in FirstVet's business model and its potential to disrupt the traditional veterinary care landscape.
See full FirstVet company page
