What is FirstVet?
FirstVet operates as a specialized mobile application that facilitates real-time video consultations between pet owners and licensed veterinarians. By bridging the gap between physical veterinary clinics and the convenience of digital access, the company provides an essential service that offers instant peace of mind and triage for pet health concerns. Since its founding in Stockholm, FirstVet has effectively scaled its operations, establishing a strong footprint in the European market. The platform is designed to optimize the pet care ecosystem, reducing unnecessary clinic visits while ensuring that animals receive timely professional attention. As a key innovator in the pet-tech industry, FirstVet leverages proprietary software to streamline the consultation process, positioning itself as a critical infrastructure component for modern pet ownership.
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, OMERS Ventures, Cathay Innovation, 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.
Mubadala Capital
Mubadala Capital is an asset management firm headquartered in Abu Dhabi that specializes in investment services and financial management for institutional investors worldwide.
OMERS Ventures
OMERS Ventures is a prominent investment group that provides strategic capital and support to high-growth technology companies, leveraging its extensive network and pension-backed resources.
What's next for FirstVet?
With the successful closure of this major strategic investment, FirstVet is well-positioned to accelerate its international expansion and enhance its digital service offerings. The company is expected to focus on deepening its market penetration in existing territories while potentially exploring new geographic regions where the demand for pet-tech solutions is rising. Furthermore, the capital will likely be deployed toward refining the user experience, integrating advanced diagnostic tools, and strengthening partnerships with insurance providers and veterinary networks. By maintaining a focus on technological innovation and service quality, FirstVet aims to sustain its competitive advantage in the rapidly evolving telehealth landscape, ensuring long-term value for its stakeholders and the pet-owning community at large.
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