What is FirstVet?
FirstVet operates as a mobile application service, offering video call veterinary consultations designed to provide pet owners with immediate peace of mind regarding their pets' health. Founded in Stockholm in 2016, the company has successfully expanded its services across the Nordic region and the United Kingdom. Its core offering addresses the growing demand for accessible and convenient veterinary advice, leveraging technology to bridge the gap between pet owners and professional veterinary care.
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, Cathay Innovation, OMERS Ventures, and Creandum
Series C (2024): $21.5M featuring Cathay Innovation, Mubadala Capital, and OMERS Ventures
Key Investors in FirstVet
Cathay Innovation
Cathay Innovation is a global venture capital firm that supports entrepreneurs by connecting them to a worldwide ecosystem. The firm invests in multi-stage startups that are making a positive impact through technology. Their focus includes sectors such as AI, healthcare, and sustainable delivery solutions.
Mubadala Capital
Established in 2011, Mubadala Capital is an asset management firm headquartered in Abu Dhabi with global operations across North America, Asia, and the Middle East. The company specializes in investment services and financial management, offering third-party capital management for institutional investors worldwide.
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, Trade Republic, Pleo, Depop, Klarna, KRY, Epidemic Sound and Small Giant Games.
What's next for FirstVet?
The substantial enterprise-level funding and recent strategic investment position FirstVet for accelerated expansion and service enhancement. This capital infusion is likely to fuel further technological development, broaden geographic reach, and potentially introduce new service verticals within the pet care ecosystem. The company's focus on digital-first veterinary solutions aligns with broader trends in telehealth and the increasing digitalization of healthcare services, suggesting a strong potential for continued growth and market leadership.
See full FirstVet company page
